SBI aims to up green advances portfolio to 7.5-10% by 2030

State Bank of India (SBI) plans to increase its green advances portfolio to 7.5 per cent-10 per cent by 2030, with 25 per cent of these advances to be funded through Green Lines of Credit. Rama Mohan Rao Amara, Managing Director, SBI, said, “At SBI, sustainability is integral to our purpose ...... As we progress towards carbon neutrality by 2030 and Net Zero by 2055, we remain committed to financing India’s green transition and enabling collective climate action, while progressing towards its goal of achiev ...