Question
Which bank has entered into a Line of Credit (LoC)
agreement worth 70 million euros (approximately Rs 630 crore) with the German Development Bank KfW to support the advancement of solar projects in India?Solution
State Bank of India (SBI) has signed a 70-million-euro (about Rs 630 crore) Line of Credit (LoC) with German Development Bank KfW for promoting solar projects in the country. The Line of Credit (LoC) is specifically tailored to bolster Solar Photovoltaics (PV) projects in India, aligning with the nation's commitment to clean and renewable energy sources. SBI signed 70-million-euro LoC with Germany Bank' KfW for solar projects Reliance Industries partners with DBS Bank for financing programme Intellect signs ₹80-crore deal with Indian Bank to deploy cash management system U GRO Capital joined hands with Laghu Udyog Bharati to empower MSMES Union Bank collaborates with Accenture to boost operational efficiency
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