Tag: municipal corporations

The State Bank of India (SBI) has allocated Rs.71 crore for various support initiatives to aid the country in combating COVID-19’s second wave. The Bank has set aside Rs. 30 crores to set up ,1000 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 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 meet citizens’ urgent medical needs, such as procuring life-saving healthcare equipment and improving hospital oxygen supplies. PPE kits, gloves, rations, and cooked meals will be provided by the Bank on a continuous basis. The Bank will spend Rs.10 crore in partnering with NGOs to undertake community-based testing, boosting vaccination campaigns, establishing a helpline for COVID-19-related issues, providing oxygen, and other essential activities.

SBI has also partnered with several hospitals to get its staff vaccinated. In addition, the Bank has decided to cover the cost of vaccinations for its employees and their dependent family members. 60 of the Bank’s training centres throughout the country have been transformed into isolation/quarantine centres for affected employees and their families.

Dinesh Khara, Chairman, SBI said, “We are committed to contribute funds and resources, and reach out to Indian citizens and join in the government’s efforts to combat the virus. I urge everyone to help those in need in every way they can and contribute towards making the country COVID-19 free.”