Reserve Bank announces framework for acceptance of Green Deposits

With a view to foster and develop a green finance eco-system in India, the Reserve Bank has put in place a framework for acceptance of Green Deposits.   In a statement, RBI has said that the financial sector can play a pivotal role in mobilizing and allocating resources for green activities/projects. As per the framework, entities regulated by RBI can accept green deposits from customers and the proceeds shall be allocated for projects undertaken in sectors like renewable energy, energy efficien...