SBI floats scheme to raise funds for green projects

18 Jan 2024 CW Team

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.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..