Startup And Fundraising 1 November 2026
Indian Bank Sets ₹100 Cr EV Charging Loan Goal for FY27
Indian Bank’s Managing Director announced a target to disburse ₹100 crore in loans for electric‑vehicle charging infrastructure over the next five months of the current financial year, and a larger ₹250 crore commitment for the following FY. The push aligns with government incentives to expand EV charging networks and supports the bank’s green financing agenda.
- Indian Bank aims to lend ₹100 crore for EV charging projects in the remaining five months of FY 2026‑27.
- The target rises to ₹250 crore for FY 2027‑28, matching broader green‑finance goals.
- The initiative ties into India’s push for more EV charging stations under recent policy incentives.
Read more at Business Standard article.
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