M Narendra: Corporate Social Responsibility
CMD, Indian Overseas Bank
M Narendra’s commitment to serve the rural India is evident from the fact that the bank that he heads – Indian Overseas Bank – has over 70 per cent of its branches in rural areas. Narendra has treaded the uncharted territories owing to his passion to help the socially and economically underprivileged. Narendra has identified 30 villages in association with Friends of Tribal Society in the Nilgiris, to set up one school each for tribal children providing them with vocational training.
A special grant of 25 million rupees has been earmarked for five farmers’ schools to provide skill development and skill upgradation to farmers. Education academies have been set up in identified villages to support students who are weak in subjects like math and science. Narendra’s efforts in providing support to various cancer societies have saved many a life.
His commitment to financial inclusion for which first step is financial literacy has roped in Nitya Education Society to provide financial literacy and financial awareness at the school and college level.