Current Affairs - Banking - Discussion

On April 2, 2020 the State Bank of India (SBI) has listed green bonds of USD 100 million (about Rs 750 crore) under its USD 10 billion global medium-term note programme on India International Exchange Limited's (INX) Global Securities Market Green Platform (GSM).SBI has adopted the green bond framework with the objective of creating a positive impact on the environment & this transaction is considered as part of the sustainability journey. The funds raised by green bonds are used to finance green projects that do not discharge toxic elements.