Kotak Mahindra Bank on Wednesday announced that it has signed a Memorandum of Understanding (MoU) with the Ministry of Earth Sciences (MoES), enabling it to disburse funds for a Central Sector Scheme to the National Centre for Earth Science Studies (NCESS), Trivandrum.
The NCESS promotes technological advancement and research in the country, particularly in the field of Earth Sciences and has been designated as a Central Nodal Agency.
The MoU signing ceremony was held in New Delhi in the presence of Vishvajit Sahay – Additional Secretary and Financial Advisor, MoES; Kapil Dev Meena – Controller of Accounts, MoES; Gopal R. Iyengar – Scientist G, MoES; and O.P. Mishra – Scientist G and Head NCS, MoES. The MoU was signed by Sonia Dawar – Sr. Accounts Officer, Pay and Accounts Office, MoES and R Vardharajan, Business Head-Government Business, Kotak Mahindra Bank.
Virat Diwanji, Group President – Retail Liabilities & Branch Banking, Kotak Mahindra Bank said, “We are grateful to the Ministry of Earth Sciences, Government of India, for reposing their faith in us as the nodal bank for distribution of money to NCESS and are privileged to play a key role in helping with research and training in the fields of seismology and geology being conducted by the NCESS.”