State Bank Of India

State Bank of India (SBI), country’s largest public sector lender, has signed an agreement with the World Bank for a $625 million (around Rs 4,200 crore) facility to support grid connected rooftop solar programme in India. The World Bank will help the SBI in financing Grid Connected Rooftop Solar Photovoltaic (GRPV) projects at competitive rates.

Through this initiative, at least 400 MW solar capacity will be created across the country which will benefit the government’s agenda to set a target for renewable energy generation of 175 gigawatts by 2022. The eligible beneficiaries under the facility would be developers, aggregators and end-users, who wish to set up solar PV projects mainly on commercial, industrial and institutional rooftops.

State Bank of India offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc.