Framework for acceptance of Green Deposits


RBI on April 11, 2023 has issued Framework for acceptance of Green Deposits. REs shall put in place a comprehensive Board-approved policy on green deposits laying down therein, all aspects in detail for the issuance and allocation of green deposits.  A copy of the above policy on ‘Green Deposits’ shall be made available on the website of the RE.

A review report shall be placed by the RE before its Board of Directors within three months of the end of the financial year which shall, inter-alia, cover the following details:

  1. amount raised under green deposits during the previous financial year
  2. list of green activities/projects to which proceeds have been allocated, along with a brief description of the projects
  3. the amounts allocated to the eligible green activities/projects
  4. a copy of the Third-Party Verification/Assurance Report and the Impact Assessment Report.

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