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.
While the G20 spotlight stayed on Delhi, the Sustainable Finance Working Group met in Varanasi to push climate finance forward—aiming to scale both private and public sustainable funding. Experts say the direction is encouraging, but important specifics remain unclear, leaving parts of the agenda unfinished and raising questions about how commitments will translate into action.
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