Read more about After a washed-out Q1, bankers hope to cash in on revival starting July on Business Standard. Demand expected to rise, but more gradually than last year
EIB investment in Neev Fund II one of its first equity operations in India
Neev Fund II is a result of the shared commitment of the EIB and SBI to supporting climate action and environmental sustainability
The private equity fund will invest up to â¬100 million in Indian SMEs offering solutions critical to the success of global climate action
On the margins of the EU-India Leaders Meeting, the European Investment Bank (EIB) and the State Bank of India (SBI) have agreed to back a new initiative of â¬100 million for new high-impact climate action and sustainability business financing.
The importance of the new Neev Fund II to accelerating Indiaâs green recovery from COVID-19 and strengthening sustainable investment was highlighted by EIB President Werner Hoyer in discussions ahead of the formal announcement at the EU-India Leaders Meeting in Portugal.
‘Pro-growth policy, liquidity management key focus’
February 05, 2021
The decision to leave the policy rates unchanged is on expected lines and the announcements by the Reserve Bank of India reflect support to growth and focus on maintaining liquidity, said bankers.
“RBI reposes confidence in the buoyancy in economic activities across the segments and thrust given in the Budget for higher capital expenditure leading to higher economic growth. One of the positive news in this context is both fiscal and monetary policies are in the same page of ‘pro-growth’, which is indeed the need of the hour,” said Rajkiran Rai, Chairman, Indian Banks’ Association and Managing Director and CEO, Union Bank of India.