As Diwali 2023 approaches, many Indian banks are embracing the festive spirit by gifting their employees sweets, dry fruits, and more. India’s largest bank, the State Bank of India (SBI), is leading the way by offering Rs 2,500 to each of its over 2 lakh employees. This generous gesture is in line with a Diwali tradition.
SBI Sets the Standard Rs 2,500 Gifts for Over 2 Lakh Employees
SBI issued a circular regarding this initiative, stating that all employees will receive Rs 2,500 from the Welfare Fund to purchase sweets and dry fruits. Additionally, they recommended distributing sweets, dry fruits, hampers, vouchers, and greeting cards to employees in various branches.
Punjab National Bank (PNB) has also joined the festive spirit, gifting Rs 1,000 to all its employees on the occasion of Diwali. They have included dry fruits and chocolates to enhance the joy of the festival. Over 1 lakh employees are part of this Diwali celebration.
UCO Bank’s Unconventional Diwali Decision
Union Bank of India is contributing to the festivities by providing Rs 1,500 to each of its employees to celebrate Diwali, while Indian Overseas Bank has gifted Rs 2,000, and Canara Bank has given Rs 2,500 to their employees.
On a different note, UCO Bank recently decided to withdraw its plan to distribute sweet packets to its top 10 defaulters on November 2. These defaulters, who have not repaid their loans, were initially supposed to receive sweets as a goodwill gesture. However, the bank later rescinded this decision, stating that communication with these customers could help bridge the gap between them and the bank.