9 May 2026
RBI sets up Centre for Excellence in Climate Finance
UPSC
SSC
Banking
Environment
Economy
Summary
Reserve Bank of India inaugurated a Centre for Excellence in Climate Finance at Mumbai, focused on climate risk assessment for banks, green bond issuance, and transition finance for high-emission sectors.
Why it matters
UPSC GS-3 (Economy, Environment), Banking awareness. RBI part of NGFS (Network for Greening the Financial System).