NEWS & ADVICE : PERSONAL LOAN
Aila victims get Rs.1 crore from SBI
By Vaibhav Aggarwal
Jul 15, 2009
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Country's largest lender, State Bank of India has donated a sum of Rs.1 crore for the victims of Aila.

The devastating cyclone, Aila ripped through the Bay of Bengal region on Sunday, May 26, 2009 about 350 km southeast of Sagar island with heavy downpour and winds at over 120 km per hour throwing normal life out of gear and killing as many as 138 people.

The cyclone caused immense damage to property. It was reported that as many as 150 ATMs of SBI were rendered out of operation.

The Chief Minister of the state, Buddhadeb Bhattacharya was handed over the relief amount by O.P. Bhatt, the chairman of SBI group.

Besides this, the UPA government has approved a relief package of 478.27 crore rupees from the National Calamity Contingency Fund for rehabilitation the victims.

Earlier, in a State Level Bankers' Committee (SLBC) meeting it was proposed to restructure agri-loans in the cyclone hit districts of North and South 24-Parganas.

 


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