Federal Bank, the largest private sector lender in Kerala, has announced that it will completely stop funding for thermal power projects by 2030. As a first step towards this goal, the bank plans to halve its exposure to the thermal power sector by 2025. The bank currently has a green power sector exposure of Rs 5,083 crore, mainly in solar and wind projects. The bank's chief mentor, Ashutosh Khajuria, is confident that the bank will continue to achieve 20% credit disbursal growth this fiscal year, driven by home, business, and gold loans.
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