+
SBI floats scheme to raise funds for green projects
ECONOMY & POLICY

SBI floats scheme to raise funds for green projects

State Bank of India (SBI), the country?s largest lender, floated a green rupee term-deposit scheme to raise money for financing environment-friendly projects. Besides approaching retail customers, SBI will look at tapping family offices, entities that manage money for high-net-worth individuals, for garnering green money.

These would be medium- and long-term deposits with three maturity buckets -- 1,111 days, 1,777 days, and 2,222 days. The deposit scheme is open to resident individuals, non-individuals, and non-resident Indian (NRI) customers. The current framework permits green deposits to be denominated in rupees only.

According to the SBI website, these deposits are available at 10 basis points below the card rate for retail deposits. The scheme is available through the branch network, and it will soon be made available through digital channels such as YONO (you only need one) and internet banking services, SBI said in a statement.

Chairman Dinesh Khara told Business Standard this was part of the lender?s steps to diversify the asset class. This will be useful for family offices whose corpus would get used for funding sustainable projects. This being a new product, the task is to create awareness and there is no target for raising a specific amount.

State Bank of India (SBI), the country?s largest lender, floated a green rupee term-deposit scheme to raise money for financing environment-friendly projects. Besides approaching retail customers, SBI will look at tapping family offices, entities that manage money for high-net-worth individuals, for garnering green money. These would be medium- and long-term deposits with three maturity buckets -- 1,111 days, 1,777 days, and 2,222 days. The deposit scheme is open to resident individuals, non-individuals, and non-resident Indian (NRI) customers. The current framework permits green deposits to be denominated in rupees only. According to the SBI website, these deposits are available at 10 basis points below the card rate for retail deposits. The scheme is available through the branch network, and it will soon be made available through digital channels such as YONO (you only need one) and internet banking services, SBI said in a statement. Chairman Dinesh Khara told Business Standard this was part of the lender?s steps to diversify the asset class. This will be useful for family offices whose corpus would get used for funding sustainable projects. This being a new product, the task is to create awareness and there is no target for raising a specific amount.

Next Story
Infrastructure Urban

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Next Story
Infrastructure Energy

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

Next Story
Infrastructure Energy

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?