NEW DELHI : Banks are looking to ease lending norms for small and medium scale solar panel manufacturers, who account for half of the domestic capacity and are facing headwinds from surging duty-free imports from southeast Asian countries under FTA (free trade agreement). At a recent meeting with the manufacturers in Mumbai, bankers led by […]
Managing financed emissions: How banks can support the net-zero transition – EQ Mag
Banks finance carbon-emitting businesses, and they finance decarbonization of the economy, as well. How effectively they address financed emissions can make all the difference. Over the past few years, many banks have made public commitments to reduce their “financed emissions,”1 meaning the emissions they finance in the real economy, in line with the objectives of […]
Banks will play big role in making India a developed country by 2047: FM – EQ Mag Pro
Banking sector has to make a big contribution to making India a developed nation by 2047 said Finance Minister Nirmala Sitharaman at IBA’s 75th AGM New Delhi: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman has exhorted the banking sector to play a lead role in realising the dream of a developed India by […]
Banks need to accelerate green lending to achieve sustainable growth: SBI chief – EQ Mag Pro
India’s green finance definition could be formed through a combination of adopting international practices, developing a set of principles for green economic activities and obtaining stakeholders’ views. New Delhi : Banks have always been the backbone of India’s economic growth and as the country pivots to sustainable growth, the banking sector will have to accelerate […]
EOI for Shortlisting of Suitable Land Banks for Implementation of 100 MW Solar PV Power Project in Chhattisgarh, India
Expression of Interest (EOI) for Shortlisting of Suitable Land Banks/Parcels for implementation of 100 MW Solar PV Power Project in Chhattisgarh, India SECI intends to develop a 100 MW (with at least 50 MW at single location) Solar PV project for South Eastern Coalfields Limited (SECL), one of the eight subsidiaries of Coal India Limited […]
How Middle East Businesses Can Rise to The Net-Zero Challenge
Banks and FI’s are in a position to play a key role in accelerating the transition to a low carbon economy. Six years ago, representatives from almost every nation around the world met in Paris and vowed to work together to combat the looming threat of climate change. Since then, the transition to net zero […]
How Egypt banks on renewables to meet likely energy demand surge
Egypt is turning to renewables to meet a soaring demand in energy. If it meets the targets it will become a pioneer in the African energy landscape, but are the plans realistic? Toufik Khitous, the business development manager for North Africa at Wärtsilä Energy Business, says Egypt has no choice but to invest in renewables, […]
RBI cuts Reverse Repo Rate by 25 bps to 3.75% to Address the Liquidity Stress During COVID-19 Lockdown
“During our darkest moment, we must focus on the light,” the RBI Governor said. The Reserve Bank of India (RBI) on Friday freed up more capital for banks to lend, announced a fresh Rs 50,000 crore targeted long-term repo operation (LTRO 2.0) to address the liquidity stress of shadow banks and microfinance institutions and hinted […]
PFS partners USICEF for financing solar projects
Infrastructure finance company PFS has joined hands with the US-India Clean Energy Finance (USICEF) to leverage funds for solar projects in India. It is an innovative facility which presents PFS with an opportunity to finance and deploy high-impact development projects which can contribute in achieving India’s distributed energy target of 40 GW by 2022, PFS […]