India central bank chief urges common pool of climate-focused projects to enhance financing

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India central bank chief urges common pool of climate-focused projects to enhance financing

//business-finance.news-articles.net/content/202 .. imate-focused-projects-to-enhance-financing.html

Published in Business and Finance on Thursday, March 13th 2025 at 11:00 GMT by Reuters

Indian banks and non-bank finance companies (NBFCs) should consider setting up a common pool of bankable projects for climate-related financing, the country's central bank chief Sanjay Malhotra said on Thursday.

The article from MSN Money discusses comments made by Shaktikanta Das, the Governor of the Reserve Bank of India, at the G20 Finance Track National Event in Mumbai. Das emphasized the need for a common pool of climate-focused projects to enhance financing for climate initiatives. He highlighted that such a pool would help in attracting more investment by providing clarity and reducing the risk perception associated with these projects. Das also pointed out the importance of international cooperation in addressing climate change, suggesting that a standardized approach to project evaluation and financing could lead to better resource allocation and more effective climate action. This initiative is part of broader discussions on sustainable finance and the role of central banks in promoting green investments.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/india-central-bank-chief-urges-common-pool-of-climate-focused-projects-to-enhance-financing/ar-AA1AQVSF ]

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