SBI signs Rs.1300 crore LoC with World Bank for solar projects

State Bank of India (SBI) has signed a $165 million (over Rs 1,300 crore) Line of Credit (LoC) with the World Bank for promoting rooftop solar project in the country.

The LoC is for supporting grid-connected rooftop Solar PV Projects in residential and institutional sectors, SBI said in a regulatory filing.

Earlier this week, SBI signed a 200 million euro (about Rs 1,800 crore) LoC with the European Investment Bank (EIB) for supporting climate action projects.