Which Indian bank has recently signed an agreement with the World Bank for $625-million credit facility to support grid connected rooftop solar programme in India?
[A]State Bank of India
[C]Punjab National Bank
[D]Reserve Bank of India
State Bank of India
The State Bank of India (SBI) has signed agreements with the World Bank for a $625 million credit facility to support grid connected rooftop solar programme in India. This will help SBI in financing grid connected rooftop solar photovoltaic (GRPV) projects at very competitive rates. The eligible beneficiaries under the facility would be developers, aggregators and end-users, who wish to set up solar PV projects, mainly on commercial, industrial and institutional rooftops.