MUFG contributes INR 98.45 million towards the NGO

The Bank partners with St. Jude India ChildCare Centre, Mumbai, to support cancer care

by Shrutee K/DNS

Mumbai, India: Mitsubishi UFJ Financial Group (MUFG)’s banking entity The Bank of Tokyo-Mitsubishi UFJ, Ltd. (MUFG: Bank) has partnered with St. Jude India ChildCare Centres (St. Judes) to help the voluntary organisation expand and enhance its pediatric cancer child care facilities.

St. Judes is a leading voluntary organisation that manages childcare centres across India. As a commitment to supporting initiatives focused on our next generation, MUFG will donate INR 98.45million towards the centre’s expansion as well as other related community activities in the country. The bank will finance the setting up of two new centres with a capacity of at least 12 patients each. The bank will also cover the capital and operational expenditure at each centre for a period of three years. Additionally, MUFG will also support the expenses of St Judes’ childcare centres in Kolkata, Mumbai and New Delhi.

Mr. Ryoichi Shinke, Regional Executive of MUFG in India said, “MUFG has been present in India for over 60 years and we strongly believe that it is our duty to support communities where we operate. Our commitment to support initiatives directed towards succeeding generations has also been one of our priorities.

“Through our contribution to St. Judes, whose innovative model of holistic care provides much-needed comfort for needy child cancer patients, we will be able to play our part in supporting the needsof ailing children and their families.”

Usha Banerji, Chief Executive Officer, St. Jude’s India ChildCare Centres.said: “Childhood cancers have a high rate of cure but need adequate treatment and patients need a cheerful environment with proper nourishment. Parents from rural India bring their ailing children to cities hoping for low or zero cost treatment, which may last as long as two years. Clean and safe accommodation is beyond their means and often these hapless families land up on streets next to the hospital where their children are being treated. The filth and squalor leaves them vulnerable to secondary infections, which neutralise the effects of the treatment. In despair parents often abandon treatment altogether.”

“This generous contribution from MUFG will therefore further enable us to expand our facilities and provide quality care to a larger number of children suffering from cancer” added Mr. Banerji.

St. Judes currently operates 33 centres in major cities in India for children suffering from cancer. It offers housing, health care, transportation, counselling, educational and recreational activities along with art-based therapies and yoga without any cost. Hence, these centres are a home away from home for these distressed families.

 Other MUFG CSR Initiatives

MUFG is very active in communities across India, especially in promoting the areas of education and improving water and sanitation facilities.

In partnership with the Government of Tamil Nadu, MUFG contributed INR 5 million to the construction of the integrated water supply system at the Chennai Museum at the start of the year. Thiscoincided with the bank’s 20th anniversary in the city.

Last year, MUFG signed a MoU with the Akshaya Patra Foundation and pledged INR 105.1 million to the construction of a new centralised kitchen to cater to government schools in Ranga Reddy District, near Hyderabad, Telangana. It has also collaborated with Federation of Indian Chambers of Commerce and Industry-Socio-Economic Development Foundation of India (FICCI-SEDF) to build and maintain 200 toilets,predominantly in girls’ schools of Chittoor in Andhra Pradesh and adjoining areas. This was part of MUFG’s contributions toward improving sanitation and hygiene through the Swachh Bharat, Swachh Vidyalaya Campaign.

 About Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups, with total assets of approximately JPY 302 trillion as of 31 December 2016.   Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with over 2,000 offices across 50 countries. The Group has over 140,000 employees and about 300 entities, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

The Group’s operating companies include Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking Corporation (Japan’s leading trust bank), and MUFG Securities Holdings Co., Ltd., one of Japan’s largest securities firms.  MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (MUFG: Bank) is Japan’s premier bank, with a global network spanning more than 50 countries. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide. In the Asia and Oceania region, Bank of Tokyo-Mitsubishi UFJ (MUFG: Bank) has presence in 13 key markets with 33 offices and close to 4,000 employees serving largely corporate and institutional clients. Singapore serves as the regional headquarters for South Asia, South-east Asia (ex. Thailand) and the Oceania region since July 2013, while the regional headquarters for East Asia including China is located in Japan.

In India, MUFG has a presence dating over 60 years and is currently a leader in the local loan markets. It has five branches in Mumbai, New Delhi, Chennai (including Sri Lanka’s representative office), Bangalore and Neemrana, partnering large Indian, Japanese and multi-national corporates and financial institutions as they expand their businesses in India and across the world. Theregional executive’s office is located in Mumbai and oversees all of the bank’s operations in India.