Regulatory Alerts2013-08-11
Added · Updated
Policy Guidelines for Green Banking
Financial Institutions licensed under the Financial Institution Act, 1993 must adopt a comprehensive Green Banking Policy structured in three phases with deadlines of June 30, 2014, December 31, 2014, and June 30, 2015. Institutions are required to establish a Green Banking Unit, incorporate environmental risk into credit risk methodology, and report quarterly to the Green Banking and CSR Department within 15 days of each quarter end. Compliant institutions receive preferential treatment including positive impacts on CAMELS ratings and consideration for new branch permissions.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share