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RBI Plans Climate Risk Rules for Banks
Mint New Delhi
|July 19, 2025
The disclosures are likely to be on a voluntary basis from fiscal year 2027 and then mandatory from fiscal year 2028
The Reserve Bank of India (RBI) is close to finalizing rules for banks and financial institutions to disclose and manage risks from climate change, three people aware of the matter said.
The move runs counter to several top global banks including JP Morgan, Citibank, Morgan Stanley, and HSBC, which have decided to scale back their climate commitments with the re-election of climate-sceptic US President Donald Trump being seen as a trigger.
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