State Bank of India and the World Bank announced that they had financed 100 MW of rooftop solar projects worth Rs400 crore in India. SBI has availed of a loan of $625 million from the World Bank for on-lending to viable Grid-Connected Rooftop Solar PV (GRPV) projects undertaken by developers, aggregators and end-users, for installation of rooftop solar systems.
Through this program, SBI will support the installation of more than 600 MW of rooftop solar capacity.
Static Takeaways for SBI PO Mains Exam-
- Chairman of SBI is Arundhati Bhattacharya and its headquarters is in Mumbai
- Jim Yong Kin is the President of World Bank and its headquarters is in Washington, D.C, USA.
Source- The Indian Express