After KFW deal, SBI now in talks with EIB for Euro 200 mn green funding

Last week the lender tied up its second Euro 150 million funding with German govt-owned KFW as part of solar partnership with India

After securing a Euro 150 million Credit line for solar energy finance from a German financial institution, State Bank of India is in talks with European Investment Bank for about Euro 200 million to fund climate finance.

Last week the country's largest lender obtained Euro 150 million in green funding from German government-owned KFW on soft terms and a long repayment period. SBI will use funds to finance solar energy projects.

This is the second loan from KFW to SBI as part of the solar partnership with India. Another loan for the same amount has already been disbursed.

Senior SBI