CURRENT AFFAIRS

Detailed explanation-1: -Detailed Solution. The correct answer is DBS Bank India. DBS Bank India has announced the launch of its Green Deposit Programme for corporate clients providing a simple way for companies to support environmentally friendly projects or avenues.

Detailed explanation-2: -DBS Bank is one of the few banks globally to integrate Sustainable Development Goals by offering lending & trade credit solutions to sustainable and environmentally-friendly green sectors and now offering a Green Deposit product.

Detailed explanation-3: -DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly-owned, locally incorporated subsidiary of a leading global bank.

Detailed explanation-4: -HSBC, in line with its global offerings, has launched a green deposit programme in India for its corporate clients, thus offering them an avenue to support eco-friendly projects.

Detailed explanation-5: -Green banking refers to the promotion of environmentally friendly practices and the reduction of the bank’s carbon footprint. It’s similar to a traditional bank because it examines all social, environmental, and ecological concerns with the goal of protection and conservation of natural resources and the environment.