Indian Banks Lag on Climate Action Despite RBI Push, New Report Warns
A new report has revealed that most Indian banks are still treating climate action as a compliance requirement rather than integrating climate risks into their core financial strategies, despite growing threats from extreme weather events and economic instability linked to climate change.
The analysis, released by Bengaluru based think tank Climate Risk Horizons, assessed the climate preparedness of 35 Indian banks with a combined market capitalisation of nearly Rs 50 trillion. The findings suggest that while climate-related disclosures have improved across the sector, deeper structural reforms in lending and risk management remain limited.
The report comes at a time when India is facing severe heat waves and energy pressures triggered by global geopolitical tensi...









