As per the Sustainability Report 2018-19, the total CSR spend of SBI Foundation for FY 2018-

19 was Rs 16.46 crore. The CSR fund has been invested in various flagship social development
programmes.

During FY 2018-19, the SBI spent Rs. 6.24 crore towards its CSR activities. A total of Rs. 10
crore has been contributed towards the Chief Minister Distress Relief Fund for the Kerala floods,
of which Rs. 5 crore has been contributed by the Bank’s employees and Rs. 5 crore has been
matched by the Bank.

The CSR activities are spread across healthcare, education, skill development and livelihood
creation, environmental protection and sanitation. The CSR programs are implemented by the
Bank as well the SBI Foundation.

The SBI Foundation (SBIF) was established in 2015 as a Section VIII Company under
Companies Act (2013) to undertake the CSR activities of SBI Group and its subsidiaries in a
focused manner. The Foundation aims to give back to society by working towards the socio-
economic development and well-being of the marginalised and vulnerable communities with a
vision to provide services beyond banking.

“SBIF is presently working on various projects to build a momentum for a transforming India by
creating an inclusive development paradigm that serves all Indians without any discrimination on
the basis of region, language, caste, creed, religion, etc.”, report revealed.

SBI Children’s Welfare Fund

The Bank established a ‘Children’s Welfare Fund’ as a Trust in 1983, which extends grants to
educational institutions engaged in the welfare of underprivileged children like orphans,
destitutes, divyangs, etc. The corpus of the fund is created through donations made by the
employees, which are matched by the Bank. During the reporting period, SBI donated
approximately Rs 50 lakh to six institutions- all working for the welfare of underprivileged
children.

CSR Expenditure
SBI Foundation: Rs 16.46 Crores

Bank’s CSR Expenditure: Rs. 6.24 Crores

Skill development through RSETIS: Rs. 42.57 Crores

Rural Self Employment Training Institutes (RSETIs)
SBI has established 151 Rural Self Employment Training Institutes (RSETIs) across the country
to help mitigate the issue of youth unemployment and underemployment. Around 60% of
candidates trained in SBI’s RSETIs belong to the ‘Below Poverty Line (BPL)’ category.

RSETIs are non-profit institutions established with the support of the State and Central
Government, which offers upto 30 skill development programmes in a financial year across 60
different avenues approved by the Ministry of Rural Development (MoRD) through a uniform
and standardised curriculum.

Developing Sustainable Communities

The need to create social good has always been ingrained within the Bank’s working culture. SBI
has been undertaking social welfare initiatives much before the formal concept of Corporate
Social Responsibility was coined- placing the interest of the common man at the forefront. The
Bank earmarks 1% of the previous year’s net profit as the budget for CSR spend for the year.

Corporate Social Responsibility Committee

The Corporate Social Responsibility Committee at SBI was constituted in 2014 to review the
activities undertaken by the Bank under the Corporate Social Responsibility Policy. The
Committee was last reconstituted in March 2018 and currently has seven members. The
Chairman of the Committee is the Senior Managing Director.