Hi Sai Praveen Bodhanapu,
There is documentation of the driver (righ-click on the component), but it is not very helpful.
danielmartynek_0-1686750013913.png
I would recommend going through the code.
Power_Ip_SetMode() function:
danielmartynek_1-1686750240560.png
As you can see above, it offers some flexibility. It allows you to just prepare the Standby mode and put it into the standby mode later. Or you can do it at once.
There is the CORE_STANDBY_MODE, but this does not put the whole SOC into the Standby mode, just the core is halted (calls the WFI instruction, wait for interrupt).
Regards,
Daniel