Finance
Mr. BillionhairRBI Hits Pause on Climate Risk Rules for Banks, Folks!
Folks, the RBI is hitting the brakes on climate risk rules for banks! They were gonna make lenders spill the beans on climate change risks—huge! But now? Not a priority! Too costly, too burdensome! Meanwhile, the world’s forgetting about climate risk since Trump’s back. It’s all about keeping things cozy for the credit policies. No big shake-ups, just smooth sailing! Sad!
few days ago | Reuters
Quick rundown
1.India's RBI delays climate risk disclosure guidelines for banks.
2.Global focus on climate risks wanes post-Trump re-election.
3.RBI's climate norms could be costly for corporates.
4.India ranks ninth in global climate vulnerability.
5.Alignment needed between RBI and SEBI on climate disclosures.
