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The said funds would be used for supporting climate action projects in India.
"The loan document will become operational, subject to necessary approvals,” SBI said in a statement.
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. As of 31 September 2023, the Government of India held 57.49% stake in the bank.
The largest PSU bank’s standalone net profit increased 8.03% to Rs 14,330.02 crore in Q2 FY24 on 26.41% jump in total income to Rs 1,12,169.43 crore in Q2 FY24 over Q2 FY23.
The scrip rose 0.46% to currently trade at Rs 639.05 on the BSE.
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