Investment Banking

JPMorgan offers India staff ambulance access, vaccine payment as Covid-19 cases spike

The bank has committed $2m to India's coronavirus relief efforts

India became the first country to record 400,000 Covid cases within a 24-hour period
India became the first country to record 400,000 Covid cases within a 24-hour period Photo: Getty Images

JPMorgan is offering 24-hour access to ambulances, hospital beds for quarantining employees and payment for vaccines for its staff in India as large banks offer aid to the country amid a spike virus cases.

The US investment bank, which employs around 34,000 people in India in a number of technology and support centres, has rolled out a series of new measures to support staff and raise money to tackle "devastating impact of a second wave of COVID-19 infections" in the country, according to a memo seen by Financial News.

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