SBI gives leg-up to CSR initiatives, adopts 50 villages

On August 14, 2017, State Bank of India (SBI) launched a Corporate Social Responsibility (CSR) initiative, ‘SBI Gram Seva’, which will work in the areas of health, education, environment and rural infrastructure. The SBI Foundation will identify and partner with NGOs to carry out CSR initiatives. Under the initiative, SBI will adopt five villages each from 10 village panchayats with each village getting around Rs 2.40 crore over the next three years. SBI Chairperson Arundhati Bhattacharya has mentioned that 10 gram panchayats comprising of 50 villages in six states have already been adopted, and the bank plans to adopt 100 gram panchayats in the next three years.