Banks Boost Renewable Energy Credit By 7 In April Amid Energy Security Concerns
Economic Times
Banks are boosting credit to renewable energy projects, with a 7% jump in April, as global conflicts highlight India's reliance on oil.
This surge in funding for green energy underscores the nation's commitment to energy transition. Experts note a growing demand for climate finance, urging banks to develop specialized underwriting for sunrise sectors like solar and green hydrogen, which are poised for significant growth.
(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)
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