With the country still reeling following the Pulwama, Jammu and Kashmir terrorist attack which took the lives of 40 soldiers from the Central Reserve Police Force (CRPF), State Bank of India is doing their part to offer relief to the families of those martyred. While the rest of the country is doing their bid in offering financial help to the families of the slain soldiers, State Bank of India announced that they have waived the loans availed by the martyred soldiers.
The leading bank in the country announced that 23 of the 40 martyred soldiers had availed loans from them, and to ensure financial stability to their families, they have decided to waive the loans for the service that they have done for the country. In addition, a number of the martyred soldiers were insured under the Defense Salary Package through the bank, which comes with an insurance payout of Rs.30 lakh. The bank has said that they have sped up the process to make the payout of Rs.30 lakh to the families of the slain soldiers.
SBI Chairman, Rajnish Kumar, said that the bank’s thoughts go out to the families of the martyrs, and the bank has set up a voluntary fund to financially support the families of the slain soldiers.
Source: Financial Express