Canara Bank Signs Strategic MoU with State bank of india (SBI)

New Delhi, January 9, 2026: Canara Bank has announced the signing of a strategic Memorandum of Understanding (MoU) with the State Bank of India’s Project Finance Centre of Excellence. The collaboration is aimed at knowledge sharing, strengthening risk management practices, and supporting India’s growth in key sectors such as e-mobility, semiconductors, and smart infrastructure.

Under this MoU, both banks will work closely to leverage their expertise in project finance, develop robust risk assessment frameworks, and exchange best practices in financing large-scale infrastructure and technology-driven projects. The initiative is expected to accelerate financing solutions for emerging sectors, driving sustainable growth and innovation.

A spokesperson from Canara Bank said, “This partnership with SBI’s Project Finance Centre of Excellence reflects our commitment to supporting India’s strategic sectors. By combining knowledge, experience, and resources, we aim to facilitate the country’s transition towards sustainable mobility, advanced semiconductor manufacturing, and smart infrastructure development.”

The MoU comes at a time when India is rapidly investing in green mobility solutions, digital infrastructure, and semiconductor manufacturing capabilities. Financial institutions like Canara Bank and SBI are playing a critical role in providing the capital and advisory support needed for these high-impact projects.

This collaboration is expected to strengthen both banks’ capabilities in risk management, project evaluation, and financing of complex projects, contributing to India’s vision of sustainable economic growth and technological advancement.