State Bank Group to spend 2% of profit on CSR activities

The Chairperson of State Bank of India (SBI) Ms. Arundhati BhattacharyaArundhati Bhattacharya SBI on June 2, 2014 said that from now onwards the State Bank Group will spend two per cent of the annual net profit on corporate social responsibility (CSR) activities in each financial year. Earlier, the group spent one percent of the profit on CSR activities.

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

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