Banks seek incentives for sustainability-linked loans from RBI and Centre

Banks are urging for incentives, such as relaxed norms on risk-weighted assets (RWA) and cash reserve ratio (CRR), for sustainability-linked loans. These loans tie interest rates to a company’s sustainability performance, promoting adherence to environmental, social, and governance (ESG) norms. Discussions with stakeholders, including the RBI, are ongoing, with proposals to include green financing in priority sectors like electric vehicles (EVs) and renewable energy.

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Dollar jumps after strong US payrolls report

The US dollar index jumped significantly following the Labor Department’s report indicating an increase of 165,000 jobs last month, which far exceeded economists’ forecasts. As