SBI Aims To Hike Its Green Advances Portfolio Upto 10% By 2030

The State Bank of India (SBI) has set an ambitious goal to increase its green advances portfolio to 10% of its total loans by 2030. Currently, as of March 31, 2025, the green advances accounted for just 1.56% of the bank's total advances. This initiative aligns with the global push towards sustainability and reducing carbon footprints, as financial institutions worldwide are increasingly prioritizing environmentally friendly projects. SBI’s commitment reflects a broader trend in the banking sector, where institutions are being urged to support green projects that promote renewable energy and sustainable development. The bank's strategy is expected to contribute significantly to India's climate goals and foster economic growth through investments in eco-friendly initiatives. SBI aims to leverage its financial strength to not only enhance its portfolio but also to play a vital role in the transition towards a greener economy. By focusing on funding projects that are environmentally sustainable, the bank intends to support India's commitment to achieving its sustainable development objectives while simultaneously expanding its customer base in the green finance sector.