RBI commits to integrating climate-related risks into fin stability monitoring activities
Zee News
RBI said that it is committed to integrating climate-related risks into financial stability monitoring.
New Delhi: RBI on Wednesday said it is committed to integrating climate-related risks into financial stability monitoring as well as exploring use of climate scenario exercises to identify vulnerabilities in the central bank-supervised entities.
On Monday, the Reserve Bank of India (RBI) published its 'Statement of Commitment to Support Greening India's Financial System ‘NGFS', coinciding with the 2021 United Nations Climate Change Conference (COP26).
The apex bank joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a Member on April 23, and aims to learn from as well as contribute to global efforts on green finance.
