NEWS & ADVICE : PERSONAL LOAN
SBI to spend 2% of its profit on CSR activities
By Vaibhav Aggarwal
Jun 3, 2014
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Largest lending bank of the country - State bank of India, has decided that the bank will try to spend 2% of its net profit for the Corporate Social Responsibility (CSR) activities in each financial year. Chairperson of the bank Mrs. Bhattacharya reported that earlier bank spend 1% of the profit on the CSR activities, now bank wants to spend 2%.

At a function held by State bank of Bikaner and Jaipur to donate the School bus and ambulance Mrs. Bhattacharya stated that the bank wanted to work for the social welfare of the society. They will give monetary help to organisations which in turn give their valuable time for conducting social welfare activities.

According to a report SBBJ bank donated solar panel to Akshya patra foundation that will help cooking the food for the children. SBBJ bank has spent nearly Rs 7.20 crore on the CSR activities in the financial 2013-14.


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