Jamshedpur, Sept. 14: Distribution of ambulances and donation of school buses in select districts of Jharkhand this fiscal will be central to SBI’s corporate social responsibility (CSR) activities.
SBI chairman Pratip Chaudhuri, who was in the city, revealed this, adding, “We are already in the process of selecting relatively less developed districts in the state where we will be helping healthcare institutions by donating ambulances and providing school buses for students from faraway places.”
The chairman handed over the keys of an ambulance costing around Rs 8 lakh to a Family Planning Association of India hospital at Chhota Gamharia in Seraikela-Kharsawan during a function at the SBI main branch in Bistupur.
“We had a net profit of Rs 11,700 crore last year and RBI guidelines mandate banks to spend 1 per cent of their bottom line on CSR work, which means we will have to spend Rs 117 crore. So far (till August), we have spent Rs 54 crore and we plan to use the entire amount this year,” he said.