The Reserve Bank of India (RBI) on February 28, 2024, issued the Draft Disclosure framework on Climate-related Financial Risks, 2024.
The following has been stated namely: -
• These guidelines shall be applicable to all Scheduled Commercial Banks (excluding Local Area Banks, Payments Banks, and Regional Rural Banks), All Tier-IV Primary (Urban) Co-operative Banks, All All-India Financial Institutions (viz. EXIM Bank, NABARD, NaBFID, NHB, and SIDBI) and All Top and Upper Layer Non-Banking Financial Companies (NBFCs).
• Comments/feedback, if any, may be sent by e-mail with the subject line “Comments on Disclosure framework on Climate-related Financial Risks, 2024”, by April 30, 2024.
[Press Release: 2023-2024/1958]
