Categories: Banking

RBI joins network for greening financial system

The Reserve Bank of India (RBI) has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a member. The central bank joined the NGFS on April 23, 2021. Green finance assumed significance in the context of climate change. The RBI expects to benefit from the membership of NGFS by learning from and contributing to global efforts on green finance, which has assumed significance in the context of climate change.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Launched at the Paris One Planet Summit on December 12, 2017, the NGFS is a group of central banks and supervisors willing to share best practices and contribute to the development of environment and climate risk management in the financial sector, while mobilising mainstream finance to support the transition towards a sustainable economy.

Find More Banking News Here

Sumit Arora

Recent Posts

Who is Known as the Father of Geometry?

Geometry is a branch of mathematics that focuses on the study of shapes, sizes, and…

53 mins ago

SECI MoU to Advance Green Hydrogen initiatives

On 19th November 2024, the Solar Energy Corporation of India Ltd (SECI), under the Ministry…

2 hours ago

Which District of Madhya Pradesh is Famous for Mhow Cantonment?

Madhya Pradesh is a large state in central India, known for its rich history, cultural…

2 hours ago

PM Modi Receives Highest Honors from Guyana and Dominica

Prime Minister Narendra Modi has been conferred prestigious awards by Guyana and Dominica in recognition…

3 hours ago

Which District of Haryana is Known as Milk City?

India is home to many cities that are uniquely recognized for their culture, history, or…

3 hours ago

HMJS Launches “Bhu-Neer” Portal for Groundwater Permits

Shri C.R. Paatil, the Hon'ble Minister of Jal Shakti, digitally launched the "Bhu-Neer" portal during…

4 hours ago