NEW DELHI: Around 2,56,000 employees of State Bank of India (SBI) have voluntarily come together to pledge a sum of 100 crore rupees to Prime Minister Narendra Modi's PM-Cares Fund so to make a contribution in the battle against the novel coronavirus. Each employee has decided to donate his/her two days salary for the cause.
With all of them coming forward to donate their two days' salary, they will make up to 100 crores that will be donated to PM-Cares Fund, which has been created to fight off the COVID-19 crisis.
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.
SBI Chairman Rajnish Kumar 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 endeavors to address the challenges of this pandemic."