SBI commits 0.25% of annual profit to help fight COVID-19

0
899
SBI - State Bank Of India
SBI - State Bank Of India
0 0
Azadi Ka Amrit Mahoutsav

InterServer Web Hosting and VPS
Read Time:1 Minute, 3 Second

SBI commits 0.25% of annual profit to help fight COVID-19

Mumbai – March 24, 2020: State Bank of India has announced to commit 0.25% of its annual profit (FY 2019-20) to fight COVID-19 outbreak situation in India. The fund used to fight COVID-19 pandemic will be spent from CSR funds. This is in line with Ministry of Corporate Affairs’ notification of spending CSR funds for COVID-19 as an eligible CSR activity. 

The bank will use this fund for various activities related to COVID-19 mainly to support health care for underprivileged people in cooperation with health care professionals and industry. Some of the initiatives will centre around promotion of healthcare, including preventive health care and sanitation and disaster management.

Rajnish Kumar, Chairman, SBI said “This is a time for the nation to be united. We at SBI will continue our support towards the people and communities of India amidst this critical period in the best possible way. I also urge all the responsible corporate citizens to come forward and not only take all precautionary preventive measures for entire staff, their families and people around but also contribute generously to support fellow countrymen who need financial help in these unprecedented difficult times.”

About Post Author

Editor Desk

Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Advertisements

USD





LEAVE A REPLY

Please enter your comment!
Please enter your name here