SBI allocates Rs71-Cr to undertake various support initiatives to combat Covid-19

May 03 2021 03:55 PM
SBI allocates Rs71-Cr to undertake various support initiatives to combat Covid-19

 Indian multinational, public sector bank, 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 set up 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.

The bank is also in talks with various designated authorities to explore partnerships for setting up makeshift hospitals. SBI will also contribute Rs 10 crore for genome-sequencing equipment/lab and vaccine research equipment/lab to the government.

Additionally, SBI has allocated Rs 21 crore to all its 17 Local Head Offices to address the urgent medical needs of the citizens including procuring life-saving healthcare equipment and enhancing the oxygen supply to hospitals. Bank will continue to provide PPE kits, masks, rations and cooked meals. The Bank will also spend Rs 10 crore in partnering with NGOs to undertake community-based testing, strengthening vaccination drives, creating helpline for Covid-19 related matters, providing oxygen supply and other critical activities.

Meanwhile, the State Bank of India has converted 60 of its training centres across the country into isolation/quarantine centres for affected employees and their family members.


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