SBI garners $1 billion from overseas to cater to ESG financing market
State Bank of India (SBI) said it has raised USD 1 billion (USD 750 million and green shoe of USD 250 million) i.e., about Rs 8,300 crore to cater to the domestic ESG financing market.
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Sustainable banking on the rise: 73% of banks embrace ESG propositions by 2028
In a recent Impact Report by Economist for a survey site, a shift in towards ESG propositions in the banking sector is highlighted. In the survey of 300 banking executives globally, it is projected that 73% of banks will intensify their focus on sustainable banking options within the next five years owing to rising consumer demand and the growing importance of ethical banking practices.
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