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SBI Chairman urges fair treatment of savings instruments in budget and launches CHAKRA to boost key green and tech sectors with tailored financing.
SBI Chairman CS Setty called for a level playing field among financial savings instruments in the upcoming Union Budget, urging fiscal prudence and caution against large tax giveaways.
He noted global norms don’t favor preferential treatment for bank deposits, advocating for balanced policies.
In a related move, SBI launched CHAKRA, a new Centre of Excellence to support India’s sunrise sectors—renewable energy, electric mobility, green hydrogen, semiconductors, battery storage, decarbonisation, smart infrastructure, and data centers—projected to need over Rs 100 lakh crore in investment by 2030.
CHAKRA will develop tailored financing solutions, enhance risk assessment, and promote sustainable growth through research and policy engagement.
El presidente del SBI insta a un tratamiento justo de los instrumentos de ahorro en el presupuesto y lanza CHAKRA para impulsar los sectores verdes y tecnológicos clave con financiamiento personalizado.