Mumbai, 13/3: State Bank of India, the country’s largest lender, is setting up a unit to manage project financing solutions for “new age industries” such as artificial intelligence, e-commerce, and fintech, according to a senior executive.
The public sector bank plans to complete the project within a year and will hire “specialized professionals” to staff it, said Ashwini Kumar Tewari, a managing director at the bank. It’s also in the process of appointing an external consultant, Tewari said.
