Public sector banks may approach RBI seeking changes in climate finance rules

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.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/QU7rwR6
via IFTTT

Comments

Post a Comment

Popular posts from this blog

RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Coop Bank

The RBI has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank in Pali, Rajasthan, due to inadequate capital and earning prospects. Depositors will receive deposit insurance claim amount up to Rs 5 lakh from DICGC. As on November 30, 2023, DICGC has already paid Rs 45.22 crore of the total insured deposits based on the willingness received from the depositors concerned of the bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PEzW9QB via IFTTT
Read more