According to reports, Anand Sinha, Former Deputy Governor of RBI, highlighted the crucial role of AI and green finance in reshaping India’s banking sector at a conference in Mumbai. Key highlights include:
• AI will enhance digital infrastructure and rural financial inclusion.
• Green finance initiatives like Green Hydrogen Mission are commendable.
• Climate risks could cost India 3%-10% of GDP annually by 2100.
• RBI’s efforts on green loans and climate risk disclosures are praised.
The development underscores the importance of sustainable banking practices for India’s economic resilience and growth.
Source: Business News Today, Latest Finance News | The Hindu