SBI to Sign €150 Million KfW Credit Line
State Bank of India will sign a €150 million Line of Credit with KfW in Frankfurt to finance climate-friendly energy generation projects in India.
New Delhi: State Bank of India (SBI) is taking a big step to support sustainable finance in India.
They are signing an agreement for a €150 million loan (called a Line of Credit) with KfW, which is the German Development Bank.
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What is the money for? It will be used to finance projects in India that create climate-friendly energy (like solar or wind power).
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When is the signing? The deal will be signed on December 16, 2025, in Frankfurt, Germany.
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Why is this important? This is the second phase of a partnership between SBI and KfW to promote clean energy and sustainable infrastructure in India.
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What does it achieve? This initiative supports India's goals for fighting climate change by making it easier for green energy projects to get long-term international funding. SBI will use this money to invest more in renewable energy, which helps India's transition to a cleaner energy system.
This agreement shows that SBI is a leader in green financing and highlights the growing cooperation between India and Germany on climate and clean energy issues.