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SBI allocates Rs 70 crore to combat 2nd wave of COVID-19

04 May 2021 Evaluate

State Bank of India (SBI) has allocated Rs 71 crore, to undertake various support initiatives to help the country combat the second wave of COVID-19. The Bank has dedicated Rs 30 crore to setup 1,000 bed makeshift hospitals, 250 bed ICU facilities and 1,000 bed isolation facilities across some of the worst-hit states. These facilities would be set up in collaboration with government hospitals and Municipal Corporations of the respective cities.

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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