Sustainability And Social Responsibility Analysis Of The State Bank Of India

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Task 1 Introduction The State Bank of India, popularly known as SBI, is one of the leading banks in India. The bank traces its origin to the first decade of the 19th century. Later on, it was merged with the Imperial Bank. In the year 1955, the Government of India nationalized the Imperial Bank along with the Reserve Bank of India. Ever since that time, the bank acquired its present name that is SBI. Existing CSR of SBI: State Bank of India is committed to: • Enhancing stakeholder’s value though value-driven engagement. • Economic and social well-being of the society, particularly the less fortunate and under-privileged members of the society. • Minimize the direct and indirect impact of its operations on the environment. In order to further guide our Sustainability Development journey, the individual elements of the policy are grouped into three key pillars – Social Responsibility, Environmental Responsibility and Economic Responsibility. The policy and its elements are applicable to all Departments / Verticals / Business Groups of State Bank of India. 1. Social Responsibility • Adhere to highest standards of honest and ethical conduct, including proper and ethical procedures in dealing with actual or apparent conflicts of interest between personal and professional relationships. The Bank does not tolerate any…show more content…
iv) Adoption of the Girl Child v) Women’s empowerment vi) Child development vii) Welfare and rehabilitation of poor and handicapped viii) Assistance to poor and under privileged ix) Entrepreneur development programmes x) Vocational guidance xi) Thrust for assistance to IT education in Rural /Tribal / unreached areas xii) Environment protection, xiii) Adoption, maintenance , restoration of historic / heritage monuments / buildings including activities such as audio visual and son et lumiere shows xiv) Assistance during natural calamities like floods/droughts

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