New Delhi, March 7 -- State Bank of India (SBI) has launched a USD 500 million syndicated social term loan facility, focused exclusively on women empowerment, with a greenshoe option.

As per a statement from the lender, this syndicated transaction is a milestone for SBI and the global ESG financing landscape, for the noble cause of women empowerment.

This financing is focused on accelerating social impact and demonstrates SBI's commitment to reduce "the gender gap" and contributes meaningfully to United Nations' Sustainable Development Goal (SDG) 5- 'Achieve Gender Equality and Empower all Women and Girls'.

CS Setty, Chairman, SBI said, "On this women's day, we are happy to announce that as a responsible organization, we are deeply com...