Tag «Finance»

Extreme weather events put $84 billion of Indian bank debt at risk

Extreme weather events put $84 billion of Indian bank debt at risk

By Administrator_India Capital Sands An increase in extreme weather events such as floods, droughts and cyclones risk souring debt worth more than Rs 6.19 trillion ($84 billion) at India’s biggest financial institutions. That’s according to leading nonprofit environmental disclosure platform CDP. State Bank of India, the country’s largest lender, HDFC Bank, IndusInd Bank Ltd. and …