Disqus for www.money99.in

Monday 16 February 2015

SBI Commits Rs 75,000 Cr For Financing Clean Energy

Country's largest lender State Bank of India committed Rs 75,000 crore for generation of 15,000 MW of renewable energy in the next 5 years. "SBI has committed to provide Rs 75,000 crore over a period of five years for the renewal energy sector," SBI Chairperson Arundhati Bhattacharya said at the first Renewable Energy Global Investors Meet (RE-Invest) here. "The funding would be for 15,000 MW of renewal power. Of course, the proposals will have to be viable and they also have to be viable as per the norms of the banks,"  SBI has a loan exposure of Rs 1.78 lakh crore in the power sector including conventional energy and discoms. The bank's outstanding loans towards clean energy is to the tune of Rs 7,500 crore.  interest rate can come down for the sector, provided RBI classifies renewal energy in priority sector lending category.


Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Disqus for www.money99.in

Recent Posts

© Copyright 2015 Money99. Designed by Parag Patil