SBI signed MoU with Kendriya Sainik Board

State Bank of India (SBI) has signed an 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’. The bank has contributed ₹ 10 crores to the Armed Forces Flag Day Fund. The Armed Forces Flag Day is celebrated on December 7. According to the statement, the bank has contributed ₹10 crores to the Armed Forces Flag Day Fund. The Armed Forces Flag Day is celebrated on December 7.

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Important takeaways for all competitive exams:

• State Bank of India Founded: 1 July 1955;
• State Bank of India Headquarters: Mumbai;
• State Bank of India Chairman: Dinesh Kumar Khara.

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