State Bank of India on April 24 inaugurated its new Local Head Office in Pune and announced ₹22.15 crore in CSR funding for social development initiatives.
The inauguration was led by Nirmala Sitharaman.
“The decision of State Bank of India to move its Local Head Office to Pune… reflects the Bank’s nimble, dynamic, and responsive approach…,” Sitharaman said.
CSR funds will support projects in water conservation, wastewater management, education, healthcare, and rural livelihoods.
“SBI’s strengthened presence in Maharashtra through this new LHO is aligned with State Govt.’s own vision of economic development,” said M. Nagaraju.
Chairman Challa Sreenivasulu Setty said the move aligns with SBI’s ambition to scale up and stay closely connected to emerging economic centres.
