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Banks Largely Unprepared for Climate-Related Financial Risks, Warns Report
The Daily Guardian
|May 01, 2025
Indian banking sector faces significant challenges in aligning with global climate goals.
With climate change posing increasing risks to financial stability, Indian banks remain largely unprepared to fully integrate climate-related risks into their operations, said a report by Climate Risk Horizons.
The "Unprepared" report by Climate Risk Horizons (CRH) assessed 35 banks, the largest scheduled commercial banks in India by market capitalisation on the Bombay Stock Exchange (BSE), with a combined market cap of Rs 4,582,292 crore as on March 2024.
Out of these 35 assessed banks, 11 are public sector banks, 18 are from the private sector, and six are small finance banks.
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