State Bank of India (SBI) has signed a 150 million euro (Rs 1,240 crore) loan agreement with the German development bank KfW for funding solar projects. The long-term loan, under the Indo-German solar partnership, will facilitate new and upcoming capacities in the solar sector and further contribute to the country's goals announced during the COP26. With this facility, the bank has taken another step towards sustainable financing arrangements for meeting the nation's renewable capacity goals and upholding environmental and social standards.
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.
