RBI commits to integrate climate-related risks into fin stability monitoring activities

RBI says it is committed to integrating climate-related risks into financial stability monitoring as well as exploring use of climate scenario exercises to identify vulnerabilities in the central bank-supervised entities. The apex bank joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a Member on April 23, and aims to learn from as well as contribute to global efforts on green finance.

from Economy-News-Economic Times https://ift.tt/3q0dek3