State Bank Group to spend 2% of profit on CSR: Bhattacharya

Tags: News
State Bank of Bank Chairperson Arundhati Bhattacharya today said it would be endeavor of the Group to spend two per cent of the annual net profit on CSR activities in each financial year.

She said earlier the bank spent one per cent of the profit on activities under the corporate social responsibilities.

"It would be our effort to spend two per cent of profit on CSR from this year," she said a State Bank of Bikaner and Jaipur Bank (SBBJ) function organised held to donate a school bus, ambulance, solar panel and a rescue vehicle (for tigers) under CSR.

"We understand the importance of social responsibilities. We give monetary help to organisations which in turn give their valuable time for conducting social welfare activities," she said.

The ambulance and the bus were donated to JW Global hospital and research center of Mount Abu and Rajmata Gayatri Devi Baal Niketan (school) of Jaipur respectively whereas the rescue vehicle was donated to an NGO working for the protection of tigers in Ranthambore.

A solar panel was also donated by the SBBJ to Akshya Patra foundation which will be used in setting up a solar kitchen for preparing food for children.

A senior official informed that the SBBJ spent Rs 7.20 crore on CSR during the FY'2013-14.

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