SBI gets 150m euro loan from German KfW for solar projects

SBI gets 150m euro loan from German KfW for solar projects

Daily Current Affairs   /   SBI gets 150m euro loan from German KfW for solar projects

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Category : Business and economics Published on: November 21 2022

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  • State bank of India has signed a 150 million euro ( ₹1,240 crore) loan agreement with the German development bank KfW for funding solar projects.
  • This is the second loan from KFW to SBI as part of the solar partnership with India as another loan for the same amount has already been disbursed.
  • In 2015, New Delhi and Berlin had signed a memorandum of understanding to foster solar energy through technical as well as financial cooperation.
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