SBI employees pledge additional Rs 7.95 crore to PM CARES Fund
In the fight against COVID-19 outbreak, employees of State Bank of India (SBI) have decided to contribute an additional amount of Rs 7.95 crore to the Prime Ministers Citizen Assistance and Relief in Emergency Situations Fund or PM CARES Fund.
In the fight against COVID-19 outbreak, employees of State Bank of India (SBI) have decided to contribute an additional amount of Rs 7.95 crore to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund or PM CARES Fund. After this additional of Rs 7.95 crore, the total donation made by SBI employees by letting go of one day’s Salary and a day’s leave encasement to the PM Cares Fund now amounts to Rs 107.95 crore.
SBI informed about the donation in a statement and said, "In March 2020, around 2,56,000 employees of SBI had donated Rs.100 crore to the PM CARES Fund which is created to fight the Coronavirus pandemic. SBI has also committed 0.25% of annual profit for FY 2019-20 as a part of its CSR activities to fight COVID-19."
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At this time of crisis, SBI is making all efforts to provide best possible banking services to its customers. The bank is also constantly urging citizens to avail digital banking services and avoid moving out of the house so that much needed social distancing is maintained.
SBI has been coining various measures to help people come out of the financial cirsis during the lockdown as well. SBI was the first Indian commercial bank that announced EMI moratorium after the RBI's loan EMI moratorium offer. It is giving COVId loan as well. Recently, it has announced to come with YONO-based pre-approved personal loan to help people fight against the Coronavirus.
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