SBI commits 0.25% of annual profit to help fight coronavirus outbreak in India1 min read . Updated: 24 Mar 2020, 08:40 AM IST
- The fund used to fight Covid-19 pandemic will be spent from CSR funds, SBI said in a statement
- Thirty states and Union territories declared a lockdown by late evening on Monday to curb spread of infections
The country's largest lender State Bank of India (SBI) said it will provide 0.25% of its annual profit for 2019-20 to fight the novel coronavirus outbreak in India. The fund used to fight Covid-19 pandemic will be spent from CSR funds, SBI said in a statement. The government has notified spending by companies to deal with the coronavirus outbreak as corporate social responsibility (CSR) activity under the companies law.
Select your Category