By Our Correspondent
MUMBAI/BHUBANESWAR: In the fight against COVID-19 outbreak, employees of the country’s largest lender, State Bank of India (SBI) have decided to contribute an additional amount of Rs.7.95 crore the Prime Minister’s National Relief Fund. The total donation made by SBI employees by letting go of one day’s Salary and a day’s leave encashment is now amounts to Rs. 107.95 crore.
In March 2020, around 2,56,000 employees of SBI had donated Rs.100 crore to the PM CARES Fund which is created to fight the coronavirus pandemic. SBI has also committed 0.25% of annual profit for FY 2019-20 as a part of its CSR activities to fight COVID-19.
At this time of crisis, SBI is taking all efforts to provide best possible banking services to its customers. The bank is also constantly urging citizens to avail digital banking services and avoid moving out of the house so that much needed social distancing is maintained.
State Bank of India (SBI) is the largest commercial bank in terms of assets, deposits, branches, customers and employees. It is also the largest mortgage lender in the country. As on December 31, 2019, the bank has a deposit base of over Rs. 31 lakh crore with CASA ratio of little more than 44% and advances of nearly Rs. 23 lakh crore. SBI commands 34% market share home loans and 34.86% in auto loans segment.
The Bank has the largest network of 21,959 branches in India with an ATM / CDM network of over 58,500. The number of customers using internet banking facility are 70 million and mobile banking services stand more than 16 million. Downloads for YONO – an integrated digital and lifestyle platform by SBI – is over 41 million with 4.5 million logins per day. On social media platforms, SBI has the highest number of followers on Facebook and Twitter amongst all banks worldwide.
