SBI signs a USD 165 million line of credit with the World Bank to support rooftop solar projects in India. This is part of SBI's commitment to promoting renewable energy.
New Delhi, Dec 22 (PTI) State Bank of India (SBI) on Friday said it has signed a USD 165 million (over Rs 1,300 crore) Line of Credit (LoC) with the World Bank for promoting rooftop solar project in the country.
The LoC is for supporting grid-connected rooftop Solar PV Projects in residential and institutional sectors, SBI said in a regulatory filing.
Earlier this week, SBI signed a 200 million euro (about Rs 1,800 crore) LoC with the European Investment Bank (EIB) for supporting climate action projects.
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