In 2024, which of the following Indian banks launched the Green Rupee Term Deposit?

Correct option is B

The Correct Answer Is: (B) State Bank of India

Explanation:
In 2024, the State Bank of India (SBI) launched the Green Rupee Term Deposit, which allows customers to invest in eco-friendly projects, supporting environmental sustainability. The Green Rupee Term Deposit is a part of the bank's initiative to encourage sustainable and green investments. This initiative is part of SBI's broader strategy to promote eco-friendly practices and contribute to a sustainable future.

• The Green Rupee Term Deposit is a green investment initiative launched by State Bank of India in 2024.
• This deposit scheme is designed to invest in eco-friendly and sustainable projects.
• The Green Rupee Term Deposit supports India's goal of achieving net-zero emissions by 2070.
• The scheme allows investors to contribute to the financing of projects that benefit the environment, such as renewable energy, waste management, and afforestation.
• This initiative aligns with global efforts to create a more sustainable financial ecosystem.
• The scheme offers attractive interest rates and a way for customers to support green initiatives while earning returns.

• Central Bank of India :  it has various deposit schemes, the Green Rupee Term Deposit was specifically launched by SBI.
• HDFC Bank : HDFC Bank, known for its various innovative products, which was introduced by State Bank of India.
• ICICI Bank :  It is important to note that banks are increasingly adopting green finance initiatives,