9 April 2020: The Citizen Assistance and Emergency Relief Fund of the Prime Minister (PM-CARES Fund) was set up on 28 March to raise money to tackle the coronavirus epidemic and to provide relief to those affected.
Almost 2,56,000 employees of the country’s largest lender, the State Bank of India (SBI), have agreed to contribute a two-day salary to the National Relief Fund of the Prime Minister in the war against COVID-19. With this joint effort, Rs.100 crore will be donated to the PM CARES Fund established to tackle the coronavirus pandemic. The 2,56,000 employees of the bank have demonstrated their contribution to the nation by voluntarily donating the total two-day salary of Rs 100 crore to the PM-CARES Fund to monitor the country’s COVID-19.
Last week, as part of its CSR activities, to tackle COVID-19, SBI dedicated 0.25 percent of its annual profit for FY 2019-20.
In a press release, SBI Chairman Rajnish Kumar said: “It is a matter of pride for the State Bank of India that all our employees have voluntarily come forward to pledge their two-day salary to the PM CARES Fund.” This is the moment that all of us need to fight this COVID-19 outbreak war with united efforts. At SBI, we will continue to assist the government in all its efforts to deal with the challenges of this pandemic.