CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank is planning to install solar panels over around 10, 000 ATMs across India in the next two years?
A
Canara Bank
B
Bank of Baroda
C
State Bank of India
D
Central Bank of India
Explanation: 

Detailed explanation-1: -Synopsis. journey to turn carbon neutral and aims to achieve it by 2030. In a step towards becoming carbon neutral, country’s largest lender State Bank of India (SBI) is looking to install solar panels over around 10,000 ATMs across the country in the next two years, a senior official said.

Detailed explanation-2: -IndusInd Bank, a new generation private sector bank, inaugurated Mumbai’s first solar-powered automated teller machine (ATM) as part of its Green Office Project campaign “Hum aur Hariyali”.

Detailed explanation-3: -A few banks like the State Bank of India grants loans of up to Rs. 1 lakh for home improvement with an interest rate of nearly 8%. The loan term is 4-5 years or more. A customer can avail of such loans for installing the solar system.

Detailed explanation-4: -Rajasthan has the highest solar power generation potential of any state in the country. The state recently surpassed Karnataka as the leading state in solar installations. As of December 2022, Rajasthan’s operational solar power projects produced roughly 16,060 MW of solar energy.

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