State Bank of India (SBI) has entered into an agreement with Tata Power Solar Systems (a wholly owned subsidiary of Tata Power) for financing of solar projects. The bank has also set up a dedicated centralized processing cell - 'Surya Shakti Cell', at the Ballard Estate in Mumbai. The cell will process all the loan applications for solar projects (capacity up to 1 MW) sourced from across the country, for installation by business entities as well as households.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
