From RBI & govt banks to LIC, Rs 205 crore to PM Cares from salaries


Indian Express

Write Comment     |     E-Mail To a Friend     |     Facebook     |     Twitter     |     Print


IT’S NOT just a wide range of central educational institutions, at least seven public sector banks, seven other leading financial institutions and insurers, and the RBI, have together contributed Rs 204.75 crore from their staff salaries to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) fund, RTI records accessed by The Indian Express show.

Of these, records show, Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC) and National Housing Bank also contributed over Rs 144.5 crore separately from their Corporate Social Responsibility (CSR) allocation and other provisions.

This takes the total contribution from the 15 government banks and institutions that responded to RTI queries from The Indian Express to Rs 349.25 crore.

The Prime Minister’s Office, which manages the fund, has declined to furnish details of contributions received, saying that PM CARES is “not a public authority under the…RTI Act”.

Topping the list of public sector banks and institutions that responded to RTI queries (see chart), LIC alone gave Rs 113.63 crore to PM CARES under various categories: Rs 8.64 crore from staff salaries, Rs 100 crore under “Corporate Communication” and Rs 5 crore under “Golden Jubilee Foundation”.

Records show that LIC’s contribution of Rs 100 crore was made on March 31 — Rs 5 crore, too, was donated in March but with no date specified in the response.

SBI topped the seven public banks that responded to RTI queries with a contribution of over 107.95 crore — the first tranche of Rs 100 crore was paid on March 31. In its response, SBI, which is the largest banker in the country, stated that its entire contribution was from the salaries of its employees.

The national banking regulator, RBI, stated that its Rs 7.34 crore was from “contribution by employees”.

PM CARES was set up on March 28 this year following the Covid outbreak and had a corpus of Rs 3,076.62 crore by March 31 itself, of which Rs 3,075.85 crore were listed as “voluntary contributions”, according to its official website.

On August 19, The Indian Express had reported that 38 PSUs used their CSR funds to together contribute over Rs 2,105 crore. Five days ago, this newspaper reported that several central educational institutions and regulators contributed Rs 21.81 crore in the form of “voluntary contributions” from salaries of teaching and non-teaching staff, and from students and pensioners.

RTI replies received by The Indian Express from banks and financial institutions detailing their contributions from staff salaries and related benefits show:

* Canara Bank did not provide any detail other than to state that its Rs 15.53 crore was the “total amount contributed”.

* Union Bank of India (Rs 14.81 crore): one-day privilege leave encashment of employees.

* Central Bank of India (Rs 11.89 crore): two-day privilege leave encashment of employees.

* Bank of Maharashtra (Rs 5 crore): one-day salary and two-day leave encashment of employees.

* SIDBI, Small Industries Development Bank of India, (Rs 80 lakh): “voluntary contribution from salary” of employees.

* GIC (Rs 14.51 lakh): “one-day salary” of employees.

* IRDAI, Insurance Regulatory and Development Authority, (Rs 16.08 lakh): “voluntary contribution” by employees.

* NABARD, National Bank for Agriculture and Rural Development, (Rs 9.04 crore): salaries of “employees and retired employees”.

* National Housing Bank (Rs 3.82 lakh): “employee contribution”.

Apart from LIC, those who also contributed from sources other than staff salaries include: GIC with Rs 22.8 crore from CSR; SIDBI with Rs 14.2 crore from CSR; and, National Housing Bank with Rs 2.5 crore from CSR.

The RTI queries were sent in August and the responses were received this month. EXIM Bank, which is wholly owned by the government, did not provide any detail under the RTI request but its annual report for 2019-20 states that it contributed Rs 1 crore to the fund.

Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment   You have characters left.
Security Validation
Enter the characters in the image above
    
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Kemmannu.com will not be responsible for any defamatory message posted under this article.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.




| Special Program in collaboration with Kemmannu Y
View More

Obituary: Malcom Braganza (51), Bahrain/Kundapur.Obituary: Malcom Braganza (51), Bahrain/Kundapur.
World Alzheimer’s Day at Mount Rosary, Santhekatte on Sep 21World Alzheimer’s Day at Mount Rosary, Santhekatte on Sep 21
Milarchi Lara, Milagres Cathedral, Kallianpur, Parish Bulletin - September 2025Milarchi Lara, Milagres Cathedral, Kallianpur, Parish Bulletin - September 2025
Final Journey of Mrs. Elizabeth D’Souza (91 years) | LIVE from UdupiFinal Journey of Mrs. Elizabeth D’Souza (91 years) | LIVE from Udupi
ಮೊಂತಿ ಫೆಸ್ತ್ 2025 | Special Program in collaboration with Kemmannu Youth | Kemmannu.comಮೊಂತಿ ಫೆಸ್ತ್ 2025 | Special Program in collaboration with Kemmannu Youth | Kemmannu.com
Monthi Fest Celebration |ಮೊಂತಿ ಫೆಸ್ತಾಚೊ ದಬಾಜೊ | 8-September-2025 | St. Theresa Church KemmannuMonthi Fest Celebration |ಮೊಂತಿ ಫೆಸ್ತಾಚೊ ದಬಾಜೊ | 8-September-2025 | St. Theresa Church Kemmannu
Final Journey of Philip Saldhana (64 years) | LIVE from Kanajar | UdupiFinal Journey of Philip Saldhana (64 years) | LIVE from Kanajar | Udupi
Feast of Assumption & Independence Day Celebration | St. Theresa Church, KemmannuFeast of Assumption & Independence Day Celebration | St. Theresa Church, Kemmannu
Moiye Krista Maye | ಮರಿಯೆ ಕ್ರಿಸ್ತಾ ಮಾಯೆ | 50 years Anniversary Video | Fr Francis CornelioMoiye Krista Maye | ಮರಿಯೆ ಕ್ರಿಸ್ತಾ ಮಾಯೆ | 50 years Anniversary Video | Fr Francis Cornelio
Final Journey of Golbert Suares (65 years) | LIVE from Barkur | UdupiFinal Journey of Golbert Suares (65 years) | LIVE from Barkur | Udupi
Final Journey of Gretta Suares (69 years) | LIVE from BarkurFinal Journey of Gretta Suares (69 years) | LIVE from Barkur
Final Journey of Asha Fernandes (43 years) | LIVE from Thottam | UdupiFinal Journey of Asha Fernandes (43 years) | LIVE from Thottam | Udupi
Yuva Samagam 2025 | ICYM | LIVE from Sastan, UdupiYuva Samagam 2025 | ICYM | LIVE from Sastan, Udupi
Final Journey of John Henry Almeida (71 years) | LIVE from UdyavaraFinal Journey of John Henry Almeida (71 years) | LIVE from Udyavara
Final Journey of Mrs. Severine Pais (85 years) | LIVE from Milagres, Kallianpur, UdupiFinal Journey of Mrs. Severine Pais (85 years) | LIVE from Milagres, Kallianpur, Udupi
Final Journey of Mrs Lennie Saldanha (89 years) | LIVE from Kemmannu | UdupiFinal Journey of Mrs Lennie Saldanha (89 years) | LIVE from Kemmannu | Udupi
Final Journey of Zita Lewis (77 years) | LIVE from Kallianpur, UdupiFinal Journey of Zita Lewis (77 years) | LIVE from Kallianpur, Udupi
Final Journey of Henry Andrade (83 years) | LIVE from KemmannuFinal Journey of Henry Andrade (83 years) | LIVE from Kemmannu
Mount Rosary Church - Rozaricho Gaanch May 2025 IssueMount Rosary Church - Rozaricho Gaanch May 2025 Issue
Land/Houses for Sale in Kaup, Manipal, Kallianpur, Santhekatte, Uppor, Nejar, Kemmannu, Malpe, Ambalpady.Land/Houses  for Sale in Kaup, Manipal, Kallianpur, Santhekatte, Uppor, Nejar, Kemmannu, Malpe, Ambalpady.
Naturya - Taste of Namma Udupi - Order NOWNaturya - Taste of Namma Udupi - Order NOW
Focus Studio, Near Hotel Kidiyoor, UdupiFocus Studio, Near Hotel Kidiyoor, Udupi