SBI plans to establish a Centre of Excellence for project financing in emerging industries such as AI, e-commerce, and fintech, aiming to make it operational within a year.
The CoE will have specialized professionals and will focus on diversifying SBI's existing project finance and structuring capabilities, which have traditionally focused on large infrastructure projects.
This move comes as SBI recognizes the increasing importance of lending to new-age industries and renewable energy sectors in its project financing portfolio.