● It is a unit setup by the Reserve Bank of India(RBI) in 2021.
● Purpose: To coordinate and participate in issues relating to sustainable finance or climate risk with international bodies, central banks, financial sector regulators and the government.
● The group would also be instrumental in suggesting strategies and evolving a regulatory framework including appropriate climate related disclosures which could be prescribed for banks and other regulated entities to propagate sustainable practices and mitigate climate-related risks in the Indian context.
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