Report finds that there are shortfalls on various fronts, from institutional and administrative issues, to planning and budgetary allocations
Indian banks and financial institutions are considered the pillars of economic growth. They have immense potential to influence environmental sustainability and bridge the gaps between development and environmental degradation through their project financing. However, in recent years, this sector has faced difficult times due to growing numbers of Non-Performing Assets (NPAs) or bad loans. One of the factors responsible for this is inadequate Environment and Social (E&S) risks management.
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