Public sector banks may approach RBI seeking changes in climate finance rules
Public sector banks may approach RBI seeking changes in climate finance rules is drawing significant interest across the industry.
Public sector banks are set to propose changes to the RBI's climate finance guidelines, citing a lack of incentives for green deposits. Lenders seek a reduction in the cash reserve ratio for green deposits and greater clarity on climate finance taxonomy. These proposals aim to boost the adoption of green finance initiatives.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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