State Bank of India has launched a green deposit scheme designed to mobilise funds for eligible environmentally sustainable activities.
Use of Funds
Funds raised through green deposits may support qualifying renewable energy, clean transport, energy efficiency and other green projects under the applicable framework.
Banking Significance
Green deposits are part of the wider growth of sustainable and responsible finance in India’s banking system.
Key Highlights
- Mobilises deposits for eligible green projects.
- Supports sustainable-finance objectives.
- Links banking products with environmental outcomes.
Exam Relevance
Important for green banking, sustainable finance, deposit products and environmental funding frameworks.
Quick Exam Takeaway
Green deposits are earmarked for financing eligible activities that produce environmental benefits.