Current Affairs - Banking - Discussion

The Asian Development Bank (ADB) and the Punjab National Bank (PNB) signed a $100 million loan to be guaranteed by the Government of India to finance large solar rooftop systems on industrial and commercial buildings throughout India. India's solar rooftop market is expanding fast with an estimated total capacity potential of 124Giga Watts (GW) aiming to increase the country's solar rooftop capacity by 40 GW in 2022. Solar Rooftop Investment Program (SRIP) approved by ADB in the year 2016.