Yes Bank commits Rs 156 cr for Namami Gange project

TIL Desk/Business/New Delhi/ Private sector Yes Bank has said it has committed Rs 156 crore to fund first Sewage Treatment Plant (STP) to be constructed at Varanasi under Hybrid Annuity-PPP Model.

The bank has signed a deal with Essel Infraprojects for the financial closure of Rs 156 crore that will fund the STP under Namami Gange Project, a joint statement said.

Yes Bank, given its responsible banking ethos, is committed to sustainable projects in STPs and other related segments, which have significant social and ecological impact, it said.

Share Samadhan, a consultancy firm assists in recovery of unclaimed investment by financial institutions, today said it will provide 5 per cent discounts in fee as part of festival bonanza.

The company charges a certain amount of the total fund recovered but as part of festive season, customer would get the benefit of 5 per cent discount on the consultancy fee, Share Samadhan Director Abhay Chandalia said in a statement.