Indian Bank targets Rs 100 crore for EV charging loans
In short
Indian Bank said it wants to lend Rs 100 crore for electric vehicle charging infrastructure in FY27. It also launched IND Green Charge for public, captive and fleet charging stations, with loans up to Rs 10 crore for as long as eight years.
The move could help people and companies build more charging points for EVs. The reporting does not say how many projects the bank expects or when the lending will be used.
What the reporting says
Indian Bank has set a Rs 100 crore lending target for electric vehicle charging infrastructure in FY27, according to a publisher-supplied summary. The bank launched IND Green Charge for public, captive and fleet charging stations, with loans of up to Rs 10 crore and a maximum tenure of eight years. The reporting says the plan is meant to promote entrepreneurship and support sustainable mobility, but it does not state how much demand the bank expects.
Why it matters
Indian Bank has set a Rs 100 crore lending target for EV charging infrastructure in FY27 and launched IND Green Charge for public, captive and fleet charging stations. The scheme offers loans up to Rs 10 crore for up to eight years. The reporting links the plan to entrepreneurship and sustainable mobility, but it does not state expected uptake, borrower demand, or any financial impact on the bank.