Indian public-sector banks are highly exposed to climate risk because their lending is concentrated in energy, metals, and mining. While a few banks have started taking small steps, many still under-assess how climate change affects their portfolios and fail to manage the environmental impact of their operations—leaving deposits indirectly linked to rising emissions.
The finance ministry has asked India’s public sector banks to explore quantum-resistant encryption as a shield against future quantum computing threats. Experts say quantum computers could eventually break today’s widely used encryption. The push aligns with the National Quantum Mission’s work on quantum communication networks, aiming to keep financial systems secure as the technology landscape shifts.
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The Finance Ministry has revised recruitment examination and result-declaration timelines for public sector banks to streamline processes and boost transparency. Under the new sequence, SBI will announce results first, followed by nationalised banks, and then regional rural banks. The change is intended to reduce candidate attrition and support better workforce planning across these institutions.
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