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RBI defers plan to mandate climate risk disclosures by banks, sources say
The Reserve Bank of India has paused plans for banks to disclose climate change risks. This move impacts global efforts towards a low-carbon economy. The proposed rules, discussed since 2022, aimed for banks to report loan portfolio risks and mitigation strategies. Implementation was expected from fiscal year 2027. The central bank cited current priorities and potential costs for corporates.
Sources: Economic Times - Banking, Hindu, NDTV +13 more
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