SBI Aims for Net Zero Emissions by 2055 Celebrating 100 Years
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Synopsis
The State Bank of India aims for Net-Zero emissions by 2055, coinciding with its centenary. This commitment was announced at the SBI Green Marathon Season 5, showcasing the bank's dedication to sustainability and environmental initiatives, with participation from thousands in various race categories.
Key Takeaways
- SBI targets Net-Zero emissions by 2055.
- Over 10,000 participants in the SBI Green Marathon.
- The marathon promotes 'Mission LiFE' for a sustainable future.
- Prizes awarded for top performers in various race categories.
- SBI is India's largest commercial bank and mortgage lender.
Mumbai, Feb 23 (NationPress) The State Bank of India (SBI) has set an ambitious goal to achieve Net-Zero emissions by the year 2055, coinciding with the bank's centenary celebrations, announced SBI Chairman Challa Sreenivasulu Setty on Sunday.
Setty made this significant declaration during the 'SBI Green Marathon Season 5' event, which he inaugurated, featuring over 10,000 runners serving as 'Green India' ambassadors in various categories including 5km, 10km, and 21km.
Since its launch in 2018, the SBI Green Marathon has evolved into a representation of the bank's strong commitment to India's 'Mission LiFE' -- 'Lifestyle for Environment', highlighting its enduring dedication to a sustainable future.
In a remarkable exhibition of stamina, participants shone across different race categories, with top finishers awarded cash prizes of Rs 15,000, Rs 10,000, and Rs 7,000 for the 21km race, and Rs 10,000, Rs 7,000, and Rs 5,000 for the 10km event.
The marathon's certification by AIMS (Association of International Marathons and Distance Races) provided participants with global recognition within the marathon circuit.
To inspire all attendees, renowned runners such as Vinod Kumar Sharma, Barun Kumar, Vishak Krishnaswamy, and Ashish Arya were present.
Moreover, the participation of the Indian Navy, Indian Air Force, and Indian Army was a highlight of the event.
Following Mumbai, the SBI Green Marathon will proceed to Jaipur on February 16, Bhopal on March 2, and will conclude in Delhi on March 9, 2025.
As part of its Season 5 journey across 12 cities, the SBI Green Marathon has already been conducted in Visakhapatnam, Lucknow, Chandigarh, Ahmedabad, Pune, Guwahati, Bhubaneswar, and Patna.
The SBI Green Marathon stands as a testament to the bank's unwavering commitment to a greener and more sustainable India, as stated by the company.
The SBI is the largest commercial bank in the country in terms of assets, deposits, branches, customers, and employees.
It is also the largest mortgage lender in the country, having fulfilled the home-buying aspirations of over 30 lakh Indian families.
The bank's home loan portfolio has surpassed Rs 6.93 lakh crore. As of December 2023, it boasts a deposit base exceeding Rs 47.62 lakh crore with a CASA ratio of 41.18% and advances surpassing Rs 35.84 lakh crore.
SBI holds a market share of 26.5% in home loans and 19.5% in auto loans respectively.
It operates the largest network with over 22,400 branches and more than 65,000 ATMs/ADWMs across India, along with 81,000+ BC outlets.
The number of customers utilizing Internet banking and mobile banking stands at 125 million and 133 million respectively.
