State Bank Of India

State Bank of India (SBI) has inked a loan agreement with KfW, the German development bank, for $277 million (about Rs 1,958 crore) for establishing an energy-efficient housing programme in India. The facility has been signed after an agreement on financial cooperation between the two governments in October.

The programme will be a part of Indo-German Development Cooperation which is guided by the 2030 Agenda for Sustainable Development. Under the programme, both builders and home buyers will be financed for developing and purchasing energy-efficient residential projects that achieve at least 25 per cent energy savings in comparison to standard reference buildings.

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.