SBI Commits 0.25% of FY21 annual profit to help fight COVID-19

India’s biggest lender State Bank of India (SBI) has announced to provide 0.25 percent of its annual profit for 2020-21 to fight the coronavirus outbreak in India.
This is in line with the Ministry of Corporate Affairs’ notification on 23 March 2020, for spending CSR funds by companies to deal with the coronavirus outbreak as corporate social responsibility (CSR) activity under the companies law.