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flag SBI Chairman urges fair treatment of savings instruments in budget and launches CHAKRA to boost key green and tech sectors with tailored financing.

flag 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. flag He noted global norms don’t favor preferential treatment for bank deposits, advocating for balanced policies. flag 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. flag CHAKRA will develop tailored financing solutions, enhance risk assessment, and promote sustainable growth through research and policy engagement.

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