Tag: PM Cares Fund

Karur Vysya Bank donates Rs 3.14 crore to PM Cares Fund, BFSI News, ET BFSI

Banking & Finance

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Private sector Karur Vysya Bank on Friday said it donated Rs 3.14 crore to the Prime Minister Cares Fund from its corporate social responsibility funds. The Bank’s MD and CEO B Ramesh Babu handed over the demand draft to Finance Minister Nirmala Sitharaman in New Delhi recently, the Tamil Nadu-based bank said in a press release.

Karur Vysya Bank said it had donated Rs 1 crore to the Tamil Nadu State Disaster Management Authority while it handed over oxygen concentrators and multi-parameter monitors to the Karur Medical College Hospital totalling to Rs 1.60 crore, the release said.

Babu stated that the bank was committed to give back to the society in a big way through the corporate social responsibility initiatives, the released added.

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SBI to contribute ₹11 cr to PM Cares Fund to help fight Covid-19

Banking & Finance

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State Bank of India (SBI) has decided to contribute ₹11 crore to the PM CARES Fund to support the Government’s Covid-19 vaccination drive.

Dinesh Khara, Chairman, SBI, in a statement, said, “The fight against the pandemic is not yet over, and as a responsible Corporate Citizen, we consider it our duty to support the government’s efforts to vaccinate all.”

Early last year, SBI committed 0.25 per cent of its annual profit to support the fight against Covid-19. Additionally, SBI employees had contributed ₹107 crore to the Fund, said the statement.

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