State Bank of India plans to raise $500 million via green bonds

SBI has also issued green bonds worth $800 million since 2018-19 and a green loan worth €50 million in 2020-21

The country’s largest lender — State Bank of India (SBI) — is planning to raise around $500 million through green bonds to provide sustainable project finance. This plan coincides with about Rs 8,000 crore (close $1 billion) raised by the Government of India through maiden sovereign green bonds.

Also early this month, Export Import Bank of India, a 100 per cent government-owned financial institution, mobilised $1 billion via a 10-year sustainability bond offering. It was the first Indian issuer to open the markets for dollar and sustainability bond issuances in 2023.

Senior SBI executives said the bank is looking to