Business

Global banks want a bigger share of India’s ESG pie

By Dan Neff

HSBC was the first bank to offer a green loan in India in January 2020, and it is currently in discussions to offer sustainability linked loans to multiple companies which will have incentives like a discount on rates.

Synopsis

Global banks are ramping up financing options for ESG (environmental, social and governance) compliant loans and bonds in India amid increasing environmental and social consciousness, a large pool of global funds waiting to invest in these securities and a big opportunity for such

Mumbai: Global banks are ramping up financing options for ESG (environmental, social and governance) compliant loans and bonds in India amid increasing environmental and social consciousness, a large pool of global funds waiting to invest in these securities and a big opportunity for such projects in the country.

More and more businesses, as well as investors, are focusing on best practices concerning ESG and some banks are providing them

BY

ET Bureau

4 mins read, Last Updated:

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Dan Neff