Which Indian bank has introduced the 'Green Rupee Term Deposit'?

Concept: A "green deposit" is an interest-bearing deposit whose proceeds a bank earmarks exclusively for financing environmentally sustainable activities (renewable energy, clean transport, green buildings, pollution control, etc.). Under the RBI "Framework for Acceptance of Green Deposits" (effective 1 June 2023), individual commercial banks design and market their own green-deposit products; the central bank only sets the rules, it does not itself offer retail deposit schemes.

Application: State Bank of India operationalised this framework by launching the "SBI Green Rupee Term Deposit (SGRTD)" — a term-deposit product (tenures such as 1111, 1777 and 2222 days) whose funds are channelled into eligible green projects. It is open to residents, NRIs and non-individuals, making State Bank of India the issuer named in the question.

Why not the others:

• The Reserve Bank of India is the regulator that issued the green-deposit framework; as the central bank it does not offer retail term deposits to the public, so it cannot be the issuer of this product.

• Canara Bank and Bank of Baroda are public-sector commercial banks that run their own deposit products, but neither markets a scheme by the specific name "Green Rupee Term Deposit".