SBI’s Rs20,219 crore solar rooftop loan portfolio supports 4.96 GW of clean energy capacity, with a 61.69% market share
FinTech BizNews Service
Mumbai, November 09, 2026: : State Bank of India (SBI), through its ESG & Climate Finance Unit, organised a roundtable on “ Transition Finance – Challenges & Way Forward for the Banking Sector” on October 29, 2026, in Mumbai.
The round table was organised with the objective of fostering meaningful discussions on the evolving landscape of transition finance and its critical role in facilitating India’s journey towards a low carbon and climate resilient economy.
While addressing, Shri Ravi Ranjan , Managing Director (R,C & SARG) , SBI, said, “ Transition Finance bridges the gap between today’s carbon-heavy operations and tomorrow’s net-zero targets. It funds incremental technology retrofits, energy efficiency, alternative fuels (e.g., green hydrogen, biomass co-firing), and Carbon Capture, Utilization, and Storage (CCUS). Transition finance offers opportunities across the entire economic value chain, in energy and power, hard-to-abate industries, transport and logistics, buildings, agriculture and MSMEs. He insisted on developing a more diversified, resilient, and efficient financing ecosystem as substantial opportunities exist in rooftop solar, energy-efficient housing, solar-powered irrigation, efficient industrial machinery, resource conservation and distributed renewable energy.”
Shri Satyendra Kumar Singh, DMD & CCO and Chief Sustainability Officer, SBI said, “India's transition must be inclusive and Financing should support renewable energy, distributed solar, energy efficiency, electric mobility, and cleaner industrial processes, while expanding opportunities for MSMEs, farmers and emerging enterprises.”
The deliberations were moderated by Shri R Shailesh Unnithan CGM (ESG & CFU).The discussions primarily focussed on the opportunities and challenges in scaling up transition finance in the Banking Sector with clear roadmaps, particularly in supporting hard-to-abate sectors in their decarbonisation journey. Key Areas of deliberation include innovative financing mechanisms, evolving regulatory and policy frameworks, credible transition pathways, robust assessment and monitoring of transition related investments and challenges faced by the borrowers and Financial Institutions in adopting Transition Finance.
The roundtable underscored the importance of & need for collaborative efforts amongst the financial institutions, policymakers, industry stakeholders and other ecosystem participants to develop a credible and scalable transition finance framework. The event was attended by senior officials from the financial sector including the RBI,NABARD,SIDBI, Public & Private Banks and the Climate Bond Initiative.
