The State Bank of India (SBI), the nation’s largest lender, is set to launch a specialized unit to provide project financing solutions for emerging industries such as artificial intelligence, e-commerce, and fintech, according to a senior executive.
Ashwini Kumar Tewari, Managing Director at SBI, stated that the bank aims to complete this initiative within a year. To support the venture, SBI will recruit specialized professionals and is currently in the process of appointing an external consultant to guide the project.
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