FY 2022-23

In FY 2022-23 IndusInd Bank Limited spent ₹108.51 crore on CSR against a 2% obligation of ₹107.52 crore.

Period: Apr 2022 - Mar 2023.

• Obligation (2% rule): ₹107.52 crore
• Spent in the year: ₹108.51 crore (projects ₹105.27 crore, admin overheads ₹3.03 crore, impact assessment ₹0.21 crore)
• Set aside for ongoing projects (Unspent CSR Account): ₹0 crore
• Transferred to a Schedule VII fund: ₹0 crore
• Spent above this year's obligation (money set aside counts as spent): ₹0.99 crore
• Environment spend: not disclosed

Main programmes

• Flagship Holistic Rural Development programme in NITI Aayog aspirational districts: 467 villages, 5.12 lakh+ beneficiaries (as reported, likely cumulative)
• Flagship: 9,815+ ha land treated, 70.47 lakh cubic metres water harvesting capacity (as reported, likely cumulative)
• Strategic Environment projects: water stewardship, urban afforestation, renewable energy, waste management
• Education: 2.27 lakh+ students, 2,900+ teachers; scholarships and remedial/FLN programmes
• Sports for underprivileged, persons with disabilities and women
• Bharat Sanjeevani and Pragat initiatives of subsidiary Bharat Financial Inclusion Limited supported
• Healthcare projects being phased out and reported under Other Areas; support for Armed Forces veterans and widows

Trees and greening

• Report states 1.14 lakh+ trees planted (afforestation incl. Miyawaki method); figure appears cumulative across Environment projects

Implementing agencies: Bharat Financial Inclusion Limited (subsidiary).

Source: S4 Annual Report 2022-23; CSR annual action plan FY2022-23 web page, pages PDF pp 79-81, 99-100, 111-112