Joy Bank started as a virtual bank where one deposited happiness and virtue to be distributed to the needy. In its initial years, it achieved several charity projects including – donating clothes to old age homes, orphanages, HIV affected children, etc.
Today, Joy Bank has evolved. It manages the finances for Pankh employees in particular and the Joy Group in general. It is also responsible to manage the donations made to the Joy Group and Pankh projects.
With the new Hybrid organization of Pankh Handicrafts, Joy Bank will handle only the donations made towards the NGO (Foundation) part. Pankh, being a profit-making unit, will handle finances separately.