State Bank of India (SBI), the largest lender in India, is establishing a dedicated unit to handle project financing for “new age industries.” A senior executive confirmed the move, highlighting the bank’s focus on sectors like artificial intelligence (AI), e-commerce, and fintech.
This strategic initiative aims to diversify the activities of SBI’s project finance division, aligning its offerings with the evolving needs of the Indian economy. The new unit will provide financing solutions tailored to the specific requirements of these rapidly growing sectors.
By targeting industries such as AI, e-commerce, and fintech, SBI is positioning itself to support the expansion and innovation within these key areas, which are expected to play a significant role in India’s future economic growth.
