SBI allocates Rs 71 cr to combat second wave of Covid-19 Chandigarh, May 3 (UNI) The State Bank of India (SBI) has allocated Rs 71 crore to undertake various support initiatives to help the country combat the second wave of COVID-19. The Bank has dedicated Rs 30 crore to setup 1,000 bed makeshift hospitals, 250 bed ICU facilities and 1,000 bed isolation facilities across some of the worst-hit states. These facilities would be set up in collaboration with government hospitals and Municipal Corporations of the respective cities. The SBI is in talks with various designated authorities to explore partnerships for setting up makeshift hospitals. The Bank will also contribute Rs 10 crore for genome-sequencing equipment / lab and vaccine research equipment / lab to the government.