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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.

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1019.55 -72.25 (-6.62%)
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Company Name CMP
SBI 1019.55
PNB 107.20
Canara Bank 134.35
Bank Of Baroda 264.05
Union Bank Of India 166.15
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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