General Studies · Climate Risk & SDGs
SDG 13 emphasizes the need for integrating climate change measures into national policies and strategies. Indian banks align lending and operations to manage financial risks and support Net Zero targets. Statement I: Banks are prohibited by the RBI from providing any loans to the thermal power sector as per mandatory guidelines. Statement II: Climate risk assessment is becoming a part of the Internal Capital Adequacy Assessment Process (ICAAP) for several large Indian banks. Statement III: The National Action Plan on Climate Change (NAPCC) includes eight national missions, and banks play a vital role in funding energy-saving projects. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only II and III✓
- 3Only I and II
- 4Only I
Correct answer
Only II and III
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