The leading bank of the country, State Bank of India and its associate bank, State Bank of Bikaner and Jaipur (SBBJ) have contributed Rs. 4 crore to the Chief minister's relief fund. The donated amount would be used for the betterment of those affected by the recent floods in Rajasthan.
Incessant rains had caused flash floods, which had displaced a large number of people in several regions of the state.
Both the banks presented cheques of Rs. 2 crore each to the chief minister Mr. Ashok Gehlot. SBBJ was represented by Mr. Shiva Kumar, Managing Director; while Mr. B Sriram, chief general manager, zonal office represented SBI. Other senior bank officials were also present.
The funds would be used to provide relief work in the state, said Sriram. The banks are mandated to contribute atleast 1% of their bottomline towards corporate social responsibility.
He further added that SBI currently has 325 branches in the state, and intends to add 25 more branches during the financial year.