SBI to spend 2% of its profit on CSR activities
By Vaibhav Aggarwal
Jun 3, 2014
Print    Email    RSS   

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.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Pay income tax through ATM
What to look for while taking a personal loan
Carnival of Indian Personal Finance Blogs #3
Winning in Emerging Markets by Tarun...
A chronicle of excesses by loan recovery...

Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan
ho many month balance in My Personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive