2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HDFC
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SBI
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AXIS Bank
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PNB
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Detailed explanation-1: -These fixed deposits will be directed towards financing of green and sustainable housing credit solutions and services, HDFC said in a statement.
Detailed explanation-2: -Green and Sustainable Deposits will help enhance HDFC’s participation in projects directly supporting United Nations’ SDGs and empower our depositors to opt for financial products that have a positive impact on the environment, and the society at large. * For cumulative option, Interest is compounded annually.
Detailed explanation-3: -UPSC Mains. Q. Which bank has launched ‘Green Deposit Programme’ to finance green initiatives? Notes: HSBC India launched its ‘Green Deposit Programme’, to finance green initiatives including renewable energy.
Detailed explanation-4: -SBI has begun to implement a green banking policy. This is India’s first green bank, specializing in going green and encouraging green energy projects. Punjab National Bank: They’d made a number of efforts to reduce emissions and energy use.
Detailed explanation-5: -Atiur Rahman, known as a green governor, inaugurated green banking policy and guidelines in 2011 and strictly followed up that banks and nonbank financial institutions implemented the policy accordingly [15, 16].