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Bank holdings in “extreme” fossil fuels skyrocketed globally to $115bn during Donald Trump’s first year as US president, with holdings in tar sands oil more than doubling, a new report has found.

The failure of 59 of the world’s largest banks to recognize climate risks and opportunities threatens to undermine efforts to support the transition to a low-carbon economy. This is the key finding of a report by Boston Common Asset Management report titled "Banking on a Low-Carbon Future".

YES Bank on Wednesday said it will mobilise $1 billion till 2023 and $5 billion till 2030 towards financing solar energy projects in India.

Countries that are open to international banking can benefit from global flows of funds, knowledge, and opportunity, but the regulatory challenges are complex and, at times, daunting says this new report released by the World Bank.  

Efforts by the African Development Bank (AfDB) to upgrade Africa’s agriculture sector is yielding good results with about 5.6 million people benefiting from the bank’s interventions in the past one

Adani’s Carmichael mine has been “covertly funded” by the World Bank through a private arm that is supposed to back “sustainable development”, according to a US-based human rights organisation.

Banks have financed companies responsible for rainforest destruction in Southeast Asia to the tune of billions of dollars, a study showed Tuesday, and called on lenders to stop "fuelling forest cri

Asia Pacific’s financial institutions have begun to factor climate risks and opportunities into their activities, but they have a long way to go before they can fully unlock the multi-trillion doll

A ‘first of its kind’ initiative which will help to enable more emphasis on Sustainable Development and Corporate Social Responsibility (CSR) programs through a curriculum

In a bid to cut the increasing cost of running their branches across the country, many Deposit Money Banks (DMBs) are now opting for renewable energy.

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