Among others, State Bank of India contributes ₹71 crore to fight against Covid-19

Among others, State Bank of India contributes ₹71 crore to fight against Covid-19

Bolstering India's Covid-19 fight: SBI allocates Rs 70 crore to combat  second wave | Business News – India TV

The State Bank of India (SBI) has given ₹71 crore to help fight the second wave of coronavirus in the country. SBI has also announced ₹30 crore to set up 1,000-bed makeshift hospitals, 250 bed ICU facilities and 1,000-bed isolation facilities in some of the worst-hit states.

“We are committed to contribute funds, resources and reach out to the citizens of India and also join in the government’s efforts in fighting the virus. I urge everyone to offer their support in any form to the people in need and contribute towards making the country Covid-19 free,” SBI Chairman Dinesh Khara said.

As part of CSR initiative, the largest lender in the country is undertaking such support measures.

Dinesh Kumar Khara is recommended for the Chairman post of SBI » The ThriveLast month, the ministry of corporate affairs permitted the treatment of makeshift hospitals and temporary Covid care facilities as Corporate Social Responsibility (CSR) activity.

The second wave of Covid-19 has affected India a lot as there is lack of medical supplies.

On Monday, more than 368,000 fresh infections reported in the last 24 hours took the tally closer to the 20-million mark. The active caseload in the country reached over 3.4 million, as per the Union health ministry data.

SBI allocates ₹71 crore for fight against Covid-19 | Hindustan TimesSBI Chairman Dinesh Khara said that the bank is collaborating with hospitals and NGO`s to provide oxygen concentrates for the patients.

The lender has collaborated with hospitals across the country for the treatment of people infected on a priority basis.

Khara said that the bank has decided to pay for the cost of vaccination of the employees and their family members.

Last year, the bank had contributed 0.25 per cent of its annual profit to Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund and donated ₹11 crore to support the vaccination drive.

SBI has allocated ₹21 crore to all its 17 Local Head Offices to address the urgent medical needs of the citizens and enhancing the oxygen supply to hospitals.

Bank will continue to provide PPE kits, masks, rations and cooked meals. It has also converted 60 of its training centres across the country into isolation/Quarantine centres for affected employees and their family members.

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