Current Affairs · Banking Regulation
With reference to the RBI's guidelines on Green Deposits, consider the following statements: 1. Regulated entities accepting green deposits are required to allocate the proceeds towards sectors/projects listed under the eligible categories like renewable energy and clean transportation. 2. The framework mandates that the allocation of green deposit funds is subject to an independent third-party verification on an annual basis. 3. The guidelines are applicable to Scheduled Commercial Banks and selected Non-Banking Financial Companies (NBFCs). Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 3 only
- 22 and 3 only
- 31 and 2 only
- 41, 2 and 3✓
Correct answer
1, 2 and 3
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