SBI has a goal of achieving a green portfolio constituting 7.5-10% of its domestic gross advances by 2030. Representational file image.
| Photo Credit: The Hindu
State Bank of India (SBI) on Saturday (August 30, 2025) said it has signed a Line of Credit agreement of €100 million with Agence Française de Développement (AFD) at its GIFT City branch to boost green financing in the country.
“The funds mobilised through this partnership will be utilised in Climate Mitigation Actions aimed at reducing greenhouse gas emissions to slow down global warming and climate adaptation measures designed to adjust systems, practices, and infrastructure to minimise the damage caused by current or anticipated impacts of climate change,” SBI said in a statement.
“By empowering these measures, this collaboration strives to further advance India’s transition to a low-carbon economy while enhancing resilience to climate-related risks,” it said.
SBI has a goal of achieving a green portfolio constituting 7.5-10% of its domestic gross advances by 2030. Additionally, this credit line will also enable the bank to provide competitive financing solutions that would further strengthen India’s green transition drive.
“The Bank has been raising LoCs from MDBs and DFIs and deploying the funds to support specific green/sustainable activities. Through this collaboration with AFD, we are not only advancing our green finance roadmap but also enabling impactful climate solutions across India. This partnership reflects our unwavering commitment to sustainability and the vision of Viksit Bharat by 2047,” a senior SBI official said.
Published – August 30, 2025 06:48 pm IST
