As some top global banks scale back climate efforts, India is moving forward with mandatory rules for lenders to report and manage climate-related financial risks.
India’s central bank is close to finalising regulatory guidelines that will require banks and financial institutions to report and manage the risks they face from climate change, three sources with knowledge of the matter have confirmed.
The framework, under discussion since 2022, is expected to instruct financial entities to regularly disclose climate-related risks within their lending portfolios, including mitigation strategies and measurable targets. The aim is to improve transparency and help the financial system adapt to climate vulnerabilities.
According to the proposal, disclosures will be introduced on a voluntary basis starting from fiscal year 2027, with mandatory compliance from fiscal year 2028. India’s fiscal year runs from April to March.
In addition to disclosures, banks will be required to conduct periodic stress tests to evaluate the potential financial impact of adverse climate events, such as floods, droughts or extreme temperatures.
This initiative mirrors steps taken by countries such as the United Kingdom and Japan, which have made climate risk reporting compulsory in line with their commitments to a low-carbon economy.
The Reserve Bank of India’s move contrasts with the recent decisions of several leading global banks, including JP Morgan, Citibank, Morgan Stanley and HSBC, which have scaled back climate-related commitments. Analysts have suggested this trend may be influenced by the re-election of U.S. President Donald Trump, whose administration is widely seen as sceptical towards climate policy.
By advancing these regulations, India signals its commitment to integrating climate risk into financial governance, supporting green investment and safeguarding long-term financial stability.
Israel’s military has removed two soldiers from combat duty and sentenced them to 30 days in detention after a crucifix was damaged in the vi...
Military planners from more than 30 countries will hold two-day talks in London from Wednesday to advance a mission t...
U.S. President Donald Trump said he would indefinitely extend the ceasefire with Iran to al...
U.S. President Trump said Washington is extending its ceasefire with Iran until Tehran submits a proposal and talks conclude...
Pakistan is confident it can bring Iran to talks with the United States, a senior official said, citing “positive signals” from Tehran,...
Israel’s military has removed two soldiers from combat duty and sentenced them to 30 days in detention after a crucifix was damaged in the village of Debel, southern Lebanon.
Military planners from more than 30 countries will hold two-day talks in London from Wednesday to advance a mission to reopen the Strait of Hormuz and draw up detailed plans, the British government said
U.S. President Donald Trump said he would indefinitely extend the ceasefire with Iran to allow for further peace talks, although it was not clear on Wednesday (22 April) if Iran or Israel, the U.S. ally in the two-month war, would agree.
U.S. President Trump said Washington is extending its ceasefire with Iran until Tehran submits a proposal and talks conclude, while maintaining the blockade. An advisor to Iran's parliamentary speaker Mohammad Baqer Qalibaf dismissed the move as “a ploy to buy time” for a possible surprise strike.
Iran accuses the United States of breaching a ceasefire after a commercial ship was seized in the Gulf of Oman, vowing retaliation, as Israel warns south Lebanon residents to avoid restricted areas.
Progessive Bulgaria, led by pro-Russian Eurosceptic Rumen Radev is on track to form Bulgaria’s next government, after official results showed a runaway victory for the coalition in the Balkan nation's parliamentary elections on Monday (20 April).
Pakistan is confident it can bring Iran to talks with the United States, a senior official said, citing “positive signals” from Tehran, as JD Vance is reportedly set to visit Islamabad on Tuesday for peace talks, according to Axios.
The architect of the modern K-pop boom, Bang Si-hyuk, is facing arrest by South Korean police over claims he illegally gained millions in an investor fraud scheme.
A gunman who killed seven people in a mass shooting in Kyiv on Saturday (18 April) had quarrelled with his neighbour before he opened fire on passersby, public broadcaster Suspilne cited Interior Minister Ihor Klymenko as saying on Tuesday.
China's domestic automakers have a message for the boardrooms of premium German brands such as Porsche, Mercedes-Benz, and BMW: We are coming for your customers, and we are armed with superior technology at a fraction of the cost.
Tim Cook, the tech boss who led Apple to become a $4 trillion company in its post-Steve Jobs era, is stepping down after 15 years in the top job. John Ternus, an Apple veteran of 25 years, who is currently the U.S. company’s Vice President of Hardware Engineering, will take over from September.
Netflix shares fell sharply on Friday after the streaming group issued a weaker-than-expected outlook and said chairman and co-founder Reed Hastings will step down from the board.
The Middle East crisis is reshaping transport choices worldwide, turning electric vehicles from a long-term climate goal into an immediate economic calculation.
China’s export growth slowed sharply in March, as the fallout from the Middle East conflict pushed up energy and shipping costs, weakening global demand and exposing risks in Beijing’s reliance on manufacturing to drive growth.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment