On the 66th Foundation Day of SBI, its employees have donated Rs. 62.62 crore to support the fight against the Covid-19 pandemic
by Suman Gupta
Mumbai – July, 2021: Continuing their support to the fight against COVID-19, around 2.50 lac employees of the country’s largest lender, State Bank of India (SBI), have donated a sum of Rs.62.62 Crore to the PM CARES Fund on the occasion of 66th Foundation Day of SBI. This is the second time that State Bank Employees have contributed to the PM CARES Fund. Last year also, they had contributed handsomely for the same cause.
Shri Dinesh Khara, Chairman, SBI, said, “It is a matter of pride for State Bank of India that our employees have continued to offer banking services to our customers throughout the pandemic, putting service before self, in the true sense of the term. In addition, they have voluntarily come forward to contribute to the PM CARES Fund at a time when the Government is strengthening the healthcare system to tackle the pandemic.”
He added that as a responsible Corporate Citizen, SBI remains committed to support the Government in all its endeavours to address the challenges arising out of the pandemic.
About State Bank of India: State Bank of India is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also the largest mortgage lender in the country which has so far fulfilled the home buying dreams of 30 crore Indian families. The home loan portfolio of the bank has crossed the milestone of Rs. 5 lakh crore. As on March 31, 2021, the bank has a deposit base of nearly Rs. 37 lakh crore with CASA ratio of over 46% and advances of more than Rs. 25 lakh crore. SBI commands a market share of 34.53% and about 32% in home loans and auto loans segment respectively. The bank has auto loan book of Rs. 76,322 crore. SBI has the largest network of 22,219 branches and 62,671 ATM / CDM in India with BC outlets close to 72,000. The number of customers using internet banking and mobile banking stand roughly at 89 million and 20 million respectively. The integrated digital and lifestyle platform by SBI – YONO has a download figure of 74 million. YONO which has over 37 million registered users, witnesses 9 million logins per day. Accelerating the digital agenda, SBI has opened approximately 2 million accounts through YONO in the quarter ended March 2021 with over 93% of YONO eligible savings bank customers migrated on YONO. In terms of digital lending, the bank disbursed pre-approved personal loan (PAPL) worth around Rs. 5300 crore via YONO in the same quarter. YONO is also a global name having tasted its success in international markets as well. On social media platforms, SBI has the highest number of followers on Facebook and Twitter amongst all banks worldwide.
