State Bank of India (SBI), the country's largest lender, said on Sunday 22 February 2026 that it aims to raise green advances to between 7.5 per cent and 10 per cent of its total advances by 2030.
Green advances accounted for 1.56 per cent of the bank's total advances as at 31 March 2025, according to the bank. Meeting the lower end of the 2030 range would therefore require the green share of the loan book to rise almost fivefold, and the upper end more than sixfold, over roughly five years.
SBI said 25 per cent of its green advances are to be funded through green lines of credit.
CHAKRA CENTRE FOR SUNRISE SECTORS
The target follows the launch in January 2026 of CHAKRA, a Centre of Excellence set up by SBI to support the financing of sunrise sectors. The centre is intended to serve as a knowledge-led platform for lending to technology-driven and sustainability-focused industries. Department of Financial Services Secretary M. Nagaraju spoke at its inauguration.
CHAKRA covers eight sectors: renewable energy, advanced cell chemistry and battery storage, electric mobility, green hydrogen, semiconductors, decarbonisation, smart infrastructure and data centre infrastructure. SBI has estimated that these sectors could attract around Rs 100 lakh crore of capital expenditure by 2030. In its February statement, SBI described CHAKRA as a centre to finance sunrise sectors such as renewable energy, electric mobility and green hydrogen.
The green lending statement was issued alongside the Mumbai leg of the sixth edition of SBI's Green Marathon, which the bank said drew more than 10,000 participants across 5 km, 10 km and 21 km categories under the theme “Run For A Greener India”.