SBI CHAKRA Centre of Excellence for Sunrise Sector Finance
Why in the news
The country’s largest lender, State Bank of India, has opened a specialised hub named CHAKRA to channel funds into fast-growing, technology-heavy industries.
Key facts
- Body: State Bank of India (SBI).
- Initiative: CHAKRA, a Centre of Excellence (CoE).
- Scope: eight critical sunrise sectors.
- Nature: a knowledge-led institutional platform for capital-intensive, technology-driven sectors.
About CHAKRA
The platform strengthens the bank’s ability to lend to emerging sectors by bringing together three elements.
- Deep sector-specific expertise.
- Advanced methods of assessing risk.
- Innovative financing models that match national policy priorities.
Objectives
- Build institutional know-how in new, technology-led areas.
- Raise the flow of domestic and international debt capital into sunrise industries.
- Design new financing structures in line with national policy goals.
Exam angle
- Launched by: State Bank of India.
- Type of body: Centre of Excellence for sunrise-sector financing.
- Number of sectors covered: eight.