State Bank of India (SBI) said it will sign a memorandum of understanding (MoU) with Kendriya Sainik Board to support and educate the children of war veterans, ex-servicemen, and war widows.
India’s largest bank said it will provide a grant of ₹1,000 per month to 8,333 war veterans’ children.
According to the statement, the bank has contributed ₹10 crore to the Armed Forces Flag Day Fund. The Armed Forces Flag Day is celebrated on December 7.
Dinesh Khara, Chairman, SBI, said: “We express our gratitude to soldiers who valiantly safeguard our nation and protect its citizens despite facing enormous hardships. We believe our efforts will help make a difference in the lives of the war veterans and their families.”
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.