State Bank of India (SBI) plans to increase its green advances portfolio to 7.5 per cent-10 per cent by 2030, with 25 per cent of these advances to be funded through Green Lines of Credit.

Rama Mohan Rao Amara, Managing Director, SBI, said, “At SBI, sustainability is integral to our purpose …… As we progress towards carbon neutrality by 2030 and Net Zero by 2055, we remain committed to financing India’s green transition and enabling collective climate action, while progressing towards its goal of achieving carbon neutrality by 2030 and Net Zero by 2055.”

Further strengthening the green transition strategy, SBI has launched CHAKRA, a Centre of Excellence to finance sunrise sectors such as renewable energy, electric mobility and green hydrogen, accelerating India’s green transition.

Published on February 22, 2026

Amar Mysore, Executive Director, Brigade Enterprises Limited

Bengaluru-based Brigade Enterprises is sharpening its push in Hyderbad investing on infrastructure-led growth, GCC demand and strong end-user housing demand to scale its presence.

Elaborating the on the strategy, Amar Mysore, Executive Director, exclusively told businessline that connectivity improvements are reshaping the city’s growth corridors.

“The Outer Ring Road has actually changed the game for Hyderabad. There are at least three well-connected roads to the international airport, which makes a big difference,” he said.

The company has announced its plans to expand its Hyderabad development footprint to about 10.5 million sq ft by FY27, spanning completed projects, ongoing construction, and upcoming launches through FY28.

The plan includes 3.5 million sq ft of new residential space, including developments in Neopolis and Secunderabad, while the company continues to pursue land partnerships following its recent Neopolis acquisition.

The developer is also scaling commercial and flexible workspace offerings, with its Buzzworks platform planning to triple capacity from about 2,000 seats amid rising demand from Global Capability Centres (GCCs) setting up operations in the city.

Its flagship mixed-use project, Brigade Gateway Hyderabad, has seen strong traction. “We’re seeing a lot of velocity… the first tower launched in October 2024 sold out within a month,” Mysore said. More than 60% of the residential inventory has already been sold, while foundation work for the integrated commercial tower is underway.

Mysore emphasised that demand remains driven by genuine homebuyers rather than investors. “The demand we are seeing is end-user driven, these are people who want to live there, not investors looking to flip,” he said. Early buyers have seen about 25 per cent appreciation within a year, reinforcing confidence.

Beyond residential and office assets, Brigade is developing a 6.5 lakh sq ft Orion Mall and a 300-key InterContinental hotel, while evaluating additional retail and hospitality opportunities. While Bengaluru retains a talent advantage, Mysore said Hyderabad is catching up quickly.

Published on February 22, 2026

Private sector lender YES Bank which is on the recovery path expects to close the ongoing financial year with a return on assets of 1 per cent, the bank’s Chief Financial Officer Niranjan Banodkar said.

Return on assets (ROA) is a profitability metric that measures how efficiently a bank uses its assets to generate profit. A higher ROA indicates better asset utilisation and an increase in the bottom line.

“The bank will exit the current fiscal year with an ROA of 1 per cent, and on an annual basis, the ROA will exceed 1 per cent in the next fiscal year,” he told PTI.

For the December quarter, the bank reported a net profit of ₹952 crore, registering a growth of 55 per cent on an annual basis and 45 per cent on a quarter-on-quarter basis.

The reported annualised return on assets (ROA) for the quarter further improved to 0.9 per cent against 0.6 per cent in the previous quarter as well as the corresponding quarter last year.

The annualised reported ROA for nine months has improved to 0.8 per cent against 0.5 per cent for 9 months of the last financial year.

Last year, Sumitomo Mitsui Banking Corporation (SMBC) of Japan acquired a 24.9 per cent stake in the bank for about ₹16,000 crore.

Following the acquisition, SMBC nominated Shinichiro Nishino and Rajeev V Kannan as Non-Executive Non-Independent Directors on the bank’s board.

“We want to be a bank that anchors around a 15 per cent growth rate. Clearly with SMBC coming in, there is an opportunity for an upside. Do we take growth higher or do we accelerate profitability… those are the nuances which we will try and balance in the next few months,” Banodkar said.

He also said that a critical component of the bank’s profitability improvement is the resolution of the legacy priority sector lending (PSL) shortfalls.

Since FY24, the bank has maintained a 100 per cent compliance across all PSL subcategories, ensuring that no incremental burden is added to the Rural Infrastructure Development Fund (RIDF) stock.

As a result, he said, the bank’s RIDF balances have continued their steady decline from a peak of about 11 per cent in FY24, to around 6.9 per cent in the third quarter, and the bank remains well on track to further reduce it to below 5 per cent of total assets by FY27.

As these low-yielding RIDF assets mature, he said, the bank would systematically retire higher-cost borrowings while redeploying funds into higher-yielding advances.

Published on February 22, 2026

An explosion lights up the sky as Ukrainian servicemen hit a Russian missile during a Russian missile and drone strike, amid Russia’s attack on Ukraine, in Kyiv, Ukraine February 22, 2026
| Photo Credit:
GLEB GARANICH

Russia attacked Ukraine with dozens of ​strike drones and ballistic and ‌cruise missiles,
focusing on energy ​infrastructure, the Ukrainian ⁠military and
local officials said on Sunday.

The overnight strikes hit Kyiv ‌and the region around the
capital, the Black ‌Sea port Odesa and ‌central ⁠Ukraine, they said

At least ⁠one person was injured in the Kyiv region, with
damage reported ​in five districts ‌where more than a dozen houses
were damaged, regional Governor Mykola Kalashnyk said ‌on the
Telegram messaging app.

Odesa ​Governor Oleh Kiper wrote on Telegram that a ⁠nighttime
drone attack on the energy infrastructure of the ‌region caused
fires that had been extinguished.

Russia attacks the Ukrainian energy system almost daily,
striking thermal power plants and electrical substations.

Attacks on ‌power stations, the energy transmission ​system
and the gas sector are important elements of ⁠the full-scale
invasion of Ukraine launched ⁠by Russia in February 2022. Moscow
says it ‌is seeking to undermine Ukraine’s ability to fight.

Published on February 22, 2026