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Home News Update PM CARES Fund: SBI employees pledges ₹100 crore to tackle Covid-19 pandemic

PM CARES Fund: SBI employees pledges ₹100 crore to tackle Covid-19 pandemic

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  • Around 2,56,000 employees of the country’s largest lender, State Bank of India (SBI) have decided to contribute two days’ salary
  • 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

More and more companies, both public and private sector ones, are coming forward with their financial contributions and other support measures to help authorities and people fight Covid-19 in various parts of the country.

State Bank of India (SBI) pledged 100 crore for Prime Minister”s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund.


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.

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.”

 

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