State Bank of India celebrates International Women’s Day and organizes ‘Annadan’

by Suman Gupta

Mumbai, March 8, 2021: State Bank of India (SBI), as a public institution, has always endeavored to fulfill its developmental role for every Indian. To be in sync with the Bank’s philosophy, Stressed Assets Resolution Group (SARG), a vertical of SBI has recognized the role of women in nation-building by celebrating International Women’s Day and organizing  “Annadan” or “Food Donation” across the country. The donation is for 47 needy NGOs engaged in empowerment of women undertaken by 65 branches of SARG that donated food materials like rice, wheat flour, edible oil, sugar, pulses and salt worth approximately Rs. 10,00,000.

International Women’s Day function at SARG, Corporate Centre, was inaugurated by Ms. Shabnam Narayan, CGM (SARG) by lighting the lamp. CGM Ma’am in her address appreciated the role of URJA Trust in empowering the homeless young women in claiming their rightful place in society. CGM further dwelt upon the gender inequality issues both at home and at the workplace and the need to overcome them. On this occasion, women employees of SARG at Corporate Centre, Mumbai contributed for “Annadan” which included a donation of 2175 kg of food materials to URJA Trust, an NGO working for the welfare of homeless women in Mumbai, and another NGO Vanvasi Kalyan Ashram, engaged in providing shelter and schooling to tribal children.

As a part of the celebration, SARG felicitated its women employees for their distinguished services. Also, all women employees of the Vertical were gifted with 1 kg of dates to improve general well-being more particularly, hemoglobin levels in the body, and mitigate anemic conditions.

During the celebrations, the bank staff ensured that COVID protocols were adhered to.

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. The home loan portfolio of the bank has crossed the milestone of Rs. 5 lakh crore. As on December 31, 2020, the bank has a deposit base of over Rs. 35 lakh crore and advances of more than Rs. 26 lakh crore with CASA ratio of about 45%. SBI commands over 34% market share in home loans and around 33% in the auto loans segment. The Bank has largest network of more than 22,000 branches in India with an ATM / CDM network of nearly 58,000 and total BC outlets of over 71,000. The number of customers using internet banking and mobile banking stand at 85 million and 19 million respectively. The integrated digital and lifestyle platform by SBI – YONO has crossed 74 million downloads mark. YONO which has over 34.5 million registered users, witnesses 9 million logins per day. Accelerating the digital agenda, SBI has opened over 1.5 million accounts through YONO in the quarter ended December 2020 with nearly 91% of YONO eligible savings bank customers migrated on YONO. In terms of digital lending, bank disbursed pre-approved personal loan (PAPL) worth 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.