• This new CoE was formally inaugurated by M. Nagaraju, Secretary of Department of Financial Services (DFS), Ministry of Finance (MoF), in Mumbai, Maharashtra.

Key Details of CHAKRA:
Priority Sectors: As per the SBI, the newly launched CoE will primarily focus on 08 sunrise sectors such as: Renewable Energy (RE), Advanced Cell Chemistry & Battery Storage Electric Mobility, Green Hydrogen, Semiconductors, Decarbonisation, Smart Infrastructure, and Data Centre Infrastructure.
Investment Potential: Together, these eight sunrise sectors  are expected to attract investments(including debt and equity) worth around Rs 100 trillion over the next 5 years (i.e. by 2030).
MoUs with 21 Financial Institutions: SBI has also signed Memorandum of Understandings (MoUs) with 21 financial institutions, including Japanese lenders Sumitomo Mitsui Banking Corporation (SMBC) and Mitsubishi UFJ Financial Group, Inc.
About State Bank of India (SBI):
Chairman- Challa Sreenivasulu (C.S.) Setty
Tagline- The Banker to Every Indian
Headquarters- Mumbai, Maharashtra
Established– 1955