Federal Bank Boosts its Commercial Rooftop Solar Financing for MSMEs in association with Ecofy
Banking Frontiers|January 2025
Federal Bank, one of India's leading private sector Bank has announced a partnership with Ecofy, India's first greenonly NBFC, backed by Eversource Capital, to offer innovative financing solutions for MSMEs investing in commercial rooftop solar installations.
Federal Bank Boosts its Commercial Rooftop Solar Financing for MSMEs in association with Ecofy

This collaboration marks one of the first comprehensive co-lending partnerships specifically designed to address the unique solar financing needs of the MSME sector.

The program targets financing 3,600 kW of rooftop solar installations annually, benefiting numerous MSMEs while cutting over 2,500 tons of CO2 emissions each year-accelerating decarbonisation and fostering sustainable growth. Most manufacturing MSMEs predominantly use electricity during daylight hours, making rooftop solar an ideal solution. However, financial constraints have traditionally hindered their transition to renewable energy, with many institutions either reluctant to lend or offering loans at prohibitively high interest rates.

この記事は Banking Frontiers の January 2025 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Banking Frontiers の January 2025 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

BANKING FRONTIERSのその他の記事すべて表示
Excelling by partnering with Fenergo, SBS, Aurai, Avanade & others
Banking Frontiers

Excelling by partnering with Fenergo, SBS, Aurai, Avanade & others

The Netherlands-based NIBC Bank defines itself as an entrepreneurial asset financier for companies and individuals, having funded private housing ventures, rental property, commercial real estate, infrastructure and cars and claims it makes a difference for its clients through long-term relationships based on knowledge and expertise.

time-read
3 分  |
January 2025
Drive by Connectivity, Automation & Analytics: SEB
Banking Frontiers

Drive by Connectivity, Automation & Analytics: SEB

Skandinaviska Enskilda Banken, or SEB, promotes digitization as much as it operates as an established bank:

time-read
3 分  |
January 2025
Afterhour Passions
Banking Frontiers

Afterhour Passions

Professional success is often shaped by what a person does afterhours. Let us look at a few such people and what hobbies recharge their body, mind and spirit:

time-read
5 分  |
January 2025
A colossal rise in agri credit
Banking Frontiers

A colossal rise in agri credit

A study by 3 academics on the impact of bank credit for agricultural sector reveals very encouraging trend:

time-read
3 分  |
January 2025
The Future of Cybersecurity: Balancing AI & Human Expertise
Banking Frontiers

The Future of Cybersecurity: Balancing AI & Human Expertise

There is no denying the fact that the continued evolution in AI will redraw the landscape of cybersecurity. In this respect, the future of digital defences rest on how effectively AI capabilities are balanced with human expertise.

time-read
3 分  |
January 2025
REINFORCING BRAND COOPERATIVE
Banking Frontiers

REINFORCING BRAND COOPERATIVE

Banking Frontiers organized its annual Frontiers in Cooperative Banking Awards and Conference in Lucknow in October where stalwarts from the sector shared insights into progress achieved and gave guidance on the road ahead.

time-read
10+ 分  |
January 2025
Magma HDI & Mahindra Finance collaborate to expand insurance access nationwide
Banking Frontiers

Magma HDI & Mahindra Finance collaborate to expand insurance access nationwide

Mahindra Finance, a leading player in India's non-banking financial services sector, has forged a strategic partnership with Magma HDI General Insurance Company to deliver customized general insurance solutions to its extensive customer base.

time-read
1 min  |
January 2025
AI for underwriting, personalization, claims & more
Banking Frontiers

AI for underwriting, personalization, claims & more

Sunil Jain, Chief Digital Technology Officer, Pramerica Life Insurance:

time-read
4 分  |
January 2025
IoT & Chatbots - a rich data trove
Banking Frontiers

IoT & Chatbots - a rich data trove

Aditya Mall, Appointed Actuary at Future Generali India Life Insurance reveals new opportunities in insurance and the enablers:

time-read
2 分  |
January 2025
Marching hand-in-hand: Innovation & Automation
Banking Frontiers

Marching hand-in-hand: Innovation & Automation

In the January 2024 issue of Banking Frontiers, Gyanendra Singh, CTO of Aviva India, had shared about how the company excels at RPA through governancebased implementation and pragmatic vendor selection. He shares more initiatives since then:

time-read
1 min  |
January 2025