Current Affairs · Banking and Finance
The Reserve Bank of India (RBI) introduced updates to boost the Green Deposits Framework. What is a key requirement under these norms?
- 1Linking green deposits exclusively to large-scale renewable energy projects
- 2Increase in the minimum maturity period of green deposits to 3 years
- 3Independent third-party verification of the end-use of allocated funds✓
- 4Mandatory issuance of green deposits by all commercial banks
Correct answer
Independent third-party verification of the end-use of allocated funds
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