How are Indian banks falling short in climate action? - BusinessToday

This report covers key India-focused updates related to loans, EMI, interest rates and banking. How are Indian banks falling short in climate action? Indian banks are failing to recognise and integrate climate risks into their business model. Yes Bank, Union Bank of India, and Punjab National Bank have emerged as leading performers Indian banks’ climate preparedness is mainly due to regulatory pressure, rather than a full recognition and integration of climate risks into decision-making, according to a report released Wednesday. Bengaluru-based think tank Climate Risk Horizons banking report assesses the state of climate-risk preparedness of 35 Indian banks with a combined market capitalisation of around ₹50 trillion.