City
Epaper

SBI employees pledge Rs 100 cr to PM CARES Fund

By IANS | Updated: March 31, 2020 16:25 IST

(IANS) In the fight against COVID-19, around 2,56,000 employees of the country's largest lender, State Bank of India (SBI), have decided to contribute two days' salary to the Prime Minister's National Relief Fund.

Open in App

New Delhi, March 31 In the fight against COVID-19, around 2,56,000 employees of the country's largest lender, State Bank of India (SBI), have decided to contribute two days' salary to the Prime Minister's National Relief Fund.

With this collective effort of SBI employees, Rs 100 crore will be donated to the PM CARES Fund which is created to fight the coronavirus pandemic.

Last Week, SBI had committed 0.25% of annual profit for FY 2019-20 as a part of its CSR activities to fight COVID-19.

Rajnish Kumar, Chairman, SBI said: "It is a matter of pride for State Bank of India that all our employees voluntarily came forward to pledge their two days' salary to the PM CARES Fund. This is the time where we all need to combat this battle of Covid-19 outbreak with united efforts. We at SBI would keep continuing our support the government in all its endeavours to address the challenges of this pandemic."

( With inputs from IANS )

Tags: National relief fundState Bank Of IndiaRajnish KumarBank branches
Open in App

Related Stories

NationalSBI Revises ATM Transaction Rules: Here’s Everything Customers Need to Know

NationalSBI Down: State Bank of India Customers Face Difficulty In Availing Mobile Banking, Fund Transfer Services

BusinessStock Market Opens Higher: Mukesh Ambani's Jio Financial Services Shares Jump 4% After Hitting 52-Week Low

NationalBank Timings to Change From January 1, 2025: Madhya Pradesh Govt Implements Uniform Work Hours

NationalSBI Hikes Home Loan Rates by 5 Basis Points; Will EMIs of Old Loans Increase?

कारोबार Realted Stories

BusinessFriends to Partners: WanderOn - India's Fastest Growing Travel Brand

BusinessIndusInd Bank’s long-term debt instruments put under negative watch: Crisil

BusinessInfinx Acquires i3 Verticals' Healthcare Revenue Cycle Management Business

BusinessAdani Green becomes first renewable energy IPP among top 10 players to turn water positive

BusinessAI surge requires 50 million Sq Ft additional real estate, 45 TWH incremental power for data centres by 2030: Deloitte