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RBI CLIMATE RISK MEASURES
RBI eases forex exposure rules, giving banks more room to tradeThe Reserve Bank of India has updated foreign exchange exposure rules for banks. These changes simplify calculations by merging onshore and...
RBI mandates kill switch for AI models at banks, introduces comprehensive model risk frameworkThe Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft frame...
RBI in wait-and-watch mode, no certainty on rate hike: Governor Sanjay MalhotraReserve Bank of India Governor Sanjay Malhotra stated that an interest rate hike is premature, as inflation hasn't broadly impacted consume...
RBI remains watchful of global, monsoon situation says Sanjay MalhotraThe Reserve Bank of India is adopting a cautious "wait and watch" approach regarding global geopolitical shifts and monsoon progress. Gover...
A 650-foot mega tsunami struck Greenland, and scientists detected something even stranger afterwardIn September 2023, a massive Greenland mega-tsunami sent mysterious vibrations through Earth for nine days. Scientists have now uncovered h...
Elephant encounters: Scientists tracked elephants for 19 years in Botswana and found that year-long droughts pushed them toward human settlements, raising the risk of dangerous encountersAfrican elephants are increasingly venturing closer to human settlements as prolonged droughts persist, a new study reveals. Research from ...
Dangerous humid heat days in India increase due to climate change: AnalysisIndia is grappling with a significant surge in dangerous humid heat days, escalating from 101 annually in the 1970s to 141 days per year by...
India's GIC Re plans to reduce share of overseas property risk as climate losses riseIndian reinsurer GIC Re is strategically shifting its overseas business focus. Amidst escalating climate-related losses globally, the compa...
No slowdown yet, but inflation and El Niño are risks: ITC's Sanjiv PuriITC Chairman Sanjiv Puri revealed plans for a Rs 20,000 crore investment over the medium term, including hotel expansion. He highlighted st...
Sanjay Malhotra calms rate hike fears as RBI watches oil, monsoonRBI Governor Sanjay Malhotra stated that discussions on interest rate hikes are premature, emphasizing that the central bank will monitor i...
Govt draws up contingency plans for 315 districts amid 42% rain deficitIndia faces a significant 42% rainfall deficit this monsoon, exacerbated by El Nino. The government is implementing contingency plans acros...
UN chief ups climate pitch, targets fossil fuels and AIAcknowledging that temperature increases will breach the 1.5C guardrail, Guterres focused on the need to take measures to ensure that the r...
RBI seen in no rush to press rate hike pedal, decision may get deferred to second half of FY27Economists are increasingly pushing back expectations of a Reserve Bank of India (RBI) interest rate hike, with many now seeing any tighten...
RBI MPC: Growth rate could top 7% if oil prices fall furtherThe MPC members had voted for a status quo in the June policy, citing resilient growth and the need to assess inflation impact while statin...
Global economy remains fragile despite US-Iran truce, but India has buffers to weather shocks: RBIGlobal economic fragility persists despite a US-Iran truce, with risks of renewed inflation and supply disruptions if tensions re-escalate....
Best corporate bond mutual funds to invest in June 2026Investors seeking relatively safe debt options for near-term or three-year-plus goals can consider corporate bond funds in June 2026. These...
Why scientists are collecting ice from around the world and storing it deep inside AntarcticaScientists are collecting ice cores from endangered glaciers around the world and storing them in the Ice Memory Sanctuary in Antarctica to...
Data centers are stewing in their own pollutionA new study reveals a significant portion of planned data centers face high climate risks, potentially becoming uninsurable due to extreme ...
Rupee records strongest week in 11 as bond inflows, softer oil prices lend supportThe Indian rupee maintained steady ground against the dollar last Friday, closing almost flat. The day’s trading featured some ups and down...
India short-bond rally faces risks from cash drain, analysts SayBofA Securities and Bandhan AMC Ltd. expect the Reserve Bank of India to step up short-term cash withdrawal operations in coming months as ...