• The agreement was signed in KfW headquarters in Frankfurt (Germany).

• What? Sign of Line of Credit(LoC)
• Amount: Euro 150 Mn
• Lender: KfW Development Bank (Germany)
• Borrower: State Bank of India (SBI)
• Purpose: Financing climate-friendly energy generation projects

Key Highlights:
Over view: The current Euro 150 million LoC continues SBI and KfW’s collaboration on climate-friendly energy generation.

• This refines the earlier objectives by enabling SBI to support a broader range of climate-oriented energy projects, including advanced and innovative renewable technologies.

International Cooperation: The agreement underscores Indo-German cooperation in sustainable development finance and knowledge sharing between SBI and KfW.
Support: This initiative will strengthen India’s green energy infrastructure while leveraging international financing expertise and low-cost funding options for renewable energy projects.
About KfW Bank:
KfW is a German promotional and development bank that supports economic, social, and ecological development goals on behalf of the federal government and the states.
Chief Executive Officer (CEO) – Stefan B. Wintels
Headquarters- Frankfurt, Germany
About State Bank of India (SBI):
Chairman: Shri Challa Sreenivasulu Setty
Headquarters – Mumbai, Maharashtra
Establishment: 1st July 1955
Tagline: Pure Banking, Nothing Else