Stock Report

Mumbai's Dabbawalas join UMEED 1000 Cyclothon

Posted On : 2021-12-14 19:57:54( TIMEZONE : IST )

Mumbai's Dabbawalas join UMEED 1000 Cyclothon

RBL Bank, one of India's leading private sector banks, teamed up with the city's pride, Mumbai Dabbawalas, to cycle for a noble cause - Inclusive education - and enable a bright future for the marginalised communities. Under its flagship CSR initiative UMEED 1000 Cyclothon, 25 dabbawalas cycled alongside RBL Bank cyclists, to promote Education for All.

To help communities cope with the challenges facing education during Covid-19, Udbhav RBL School supported by RBL Bank, is providing access to quality education to children from underprivileged communities. The Bank also plans to adopt a new school for children with special needs under the Udbhav RBL School franchise, in Nallasopara, Maharashtra.

Shanta Vallury Gandhi, Head - HR, CSR and Internal Branding, RBL Bank, said, "We are happy that Mumbai's lifeline - dabbawalas - believe in our cause and have extended full support. At RBL Bank, we give utmost priority to our social responsibility and are committed to serving the marginalised communities through our various CSR initiatives, in Healthcare, Education and Livelihood Opportunities. We are proud to join hands with like-minded individuals and organisations to build a better and brighter tomorrow, for this nation. The Dabbawalas of Mumbai have also been impacted by the pandemic and are striving hard to recreate their livelihoods. Hence, we felt that this association truly represents the mission of RBL Bank's CSR efforts well."

Ulhas Shantaram Muke, President, Mumbai Dabbawala Charity Trust, added, "We are humbled to be a part of RBL Bank's initiative to ensure inclusive education for all. We cannot deny the importance of education in every household. We hope our participation in the Cyclothon will create greater awareness amongst the underprivileged, about the need to educate and skill our young generation, the future of our country."

Shares of RBL Bank Limited was last trading in BSE at Rs. 193.50 as compared to the previous close of Rs. 196.55. The total number of shares traded during the day was 303994 in over 3759 trades.

The stock hit an intraday high of Rs. 195.35 and intraday low of 191.25. The net turnover during the day was Rs. 58713533.00.

Source : Equity Bulls


RBLBank INE976G01028 MumbaiDabbawalas CSR UMEED1000Cyclothon EducationforAll