State Bank of India Commits Responsible and Scalable Funding for Next-gen Growth Sectors

News Desk, News Nation 360 : The largest public sector bank in the country, State Bank of India (SBI), announced the opening of "CHAKRA," a Centre of Excellence (CoE) for funding emerging industries that are essential to India's economic transition. Reinforcing the bank’s strategic commitment to Viksit Bharat 2047, the centre will serve as a knowledge-led platform to allow financing for next-generation, technology-driven and sustainability-focused emerging sectors. By responsibly directing capital flows, enhancing risk assessment capabilities, and creating creative

financing arrangements in line with changing business models and policy agendas, SBI aims to enable these capital-intensive industries. In front of SBI Chairman Shri Challa Sreenivasulu Setty, the Centre was officially opened by M. Nagaraju, Secretary, Department of Financial Services. The launch event was attended by the managing directors of the bank as well as representatives from other public sector banks, international banks, major conglomerates, financial institutions, trade associations, and other important ecosystem players. On the launch, M Nagaraju, Secretary, Department of Financial Services, Govt. of India, stated that the CHAKRA Centre of Excellence is a commendable endeavour by State Bank of India. The objective of the Centre is to become a coordinated ecosystem platform covering knowledge-sharing, project appraisal, capacity building, and evidence-based policy engagement, which will meaningfully accelerate India’s progress towards Viksit Bharat 2047.

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