State Bank of India (SBI), has announced the launch of ‘CHAKRA’ – Centre of Excellence (CoE) for financing sunrise sectors that are critical to India’s economic development.The centre will serve as a knowledge-led platform to enable financing for next-generation, technology-driven and sustainability-focused sunrise sectors.“SBI’s focus lies in enabling these capital-intensive sectors by directing capital flows responsibly, strengthening risk assessment capabilities and developing innovative financing struct ...

State Bank of India (SBI) on Saturday launched ‘CHAKRA’ — The Centre of Excellence for Sunrise Sectors — to build institutional capability to finance industries that are still taking shape. India’s largest Bank has placed capital requirements for the eight identified sunrise sectors — renewable energy, advanced cell chemistry & battery storage, electric mobility, green hdrogen, semi-conductors, decarbonisation, smart infrastructure and Data Centre — at about ₹100 lakh crore over the next five years.Challa S ...

electric mobility, The bank's centre called Chakra will serve as a knowledge-led platform to enable SBI has partnered with two dozen institutions including the World Bank, Japanese lenders MUFG and SMBC, all public sector banks, academic institutions and think tanks to finance the needs of these which are estimated to be about Rs 20 to Rs 22 lakh crore in the next five years."These are sectors which have huge manufacturing potential in India and also have unique risks while assessing these projects. We wo ...