FY 2023-24

In FY 2023-24 IndusInd Bank Limited spent ₹132.72 crore on CSR against a 2% obligation of ₹131.27 crore.

Period: Apr 2023 - Mar 2024.

• Obligation (2% rule): ₹131.27 crore
• Spent in the year: ₹132.72 crore (projects ₹128.89 crore, admin overheads ₹3.49 crore, impact assessment ₹0.35 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): ₹1.45 crore
• Environment spend: not disclosed

Main programmes

• Holistic Rural Development flagship in five aspirational districts; 16 lakh+ beneficiaries
• Sustainable Environment: 2,689 ha restored, 26.46 lakh cubic metres storage created, 2.4 lakh+ beneficiaries
• Watershed management in Jharkhand and Madhya Pradesh; watershed development in Karnataka, Tamil Nadu, Andhra Pradesh, Telangana; river water harvesting at Farakka (West Bengal)
• Hauz Shamshi restoration (New Delhi); IDL Lake restoration (Hyderabad); drain restoration at Badshahpur
• Inclusive sports: cricket for the blind, Para Champions, Girl Power, tribal squash (Raigad), Rural Champions (Satara); 1,010 beneficiaries
• Education: Road to School, Tayyari School Ki, Kids for Tigers; 2.16 lakh+ students in 2,200+ schools, 6,000+ teachers trained
• Scholarships: Ashoka University, Plaksha University; employability mentoring for 650+ persons with disabilities
• Healthcare and Armed Forces veterans and widows support under Other Areas; Bharat Sanjeevani with Bharat Financial Inclusion Limited

Trees and greening

• Urban afforestation listed under Sustainable Environment in the FY24 action plan (no tree counts or amounts given)

States: Maharashtra, Uttar Pradesh, Bihar, Rajasthan, Tamil Nadu, Jharkhand, Madhya Pradesh, West Bengal, Karnataka, Andhra Pradesh, Telangana, Delhi, Odisha.

Implementing agencies: Bharat Financial Inclusion Limited (subsidiary), Sarthak, Tamana, Ashoka University, Plaksha University.

Source: S3 Integrated Annual Report 2023-24; CSR annual action plan FY2023-24 web page, pages PDF pp 169-172, 183-185