· Sanjay Malhotra Wiki · Reserve Bank of India WikiClimate change risks and finance
Read full speech on bis.org ↗ContextKeynote address by Sanjay Malhotra, Governor of the Reserve Bank of India, at the Policy Seminar on "Climate change risks and finance", organised by Reserve Bank of India, New Delhi, 13 March 2025.
Why it mattersIndia's governor urges lenders to build expertise in measuring climate-related losses.
Problems raised
- Climate change affects the economy and finance.
- Climate risk management is immature.
- Expertise is lacking.
Solutions proposed
- Develop climate risk management frameworks.
- Build technical expertise.
- Assess losses from climate risks.