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State Bank of India to support various initiatives in combating second wave of Covid-19

03 May 2021 Evaluate

State Bank of India (SBI) has allocated Rs 71 crore to support various initiatives in combating the second wave of Covid-19 and is in talks with various designated authorities to explore partnerships for setting up makeshift hospitals. The country's largest commercial bank has dedicated Rs 30 crore to set up 1,000 bed makeshift hospitals, 250 bed ICU facilities and 1,000 bed isolation facilities across some of the worst-hit states.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 948.80
PNB 116.65
Bank Of Baroda 238.00
Canara Bank 119.80
Union Bank Of India 173.40
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