ICICI Bank launches clean energy lending facility

Exclusive for businesses into clean energy and energy efficiency.

Bank Managing Director and CEO Chanda Kochhar said the bank is always on the lookout for good projects that seek to develop or deploy clean energy technologies.

“We have the resources to support a large number of such projects and we would want to expand our activities in this area,” she said.

The bank also provides concessional finance to the projects in these areas and the concessions depend on various criteria. She asked other banks, the government and the private sector to come forward to work for a clean and green environment.

“ICICI Bank has been assisting projects and initiatives in the area of environmental sustainability for over two decades. We continue to support initiatives being taken by the industry in this area.”