CURRENT AFFAIRS

Detailed explanation-1: -Mumbai, 28 December, 2021: IndusInd Bank has announced the launch of ‘Green Fixed Deposits’ where the deposit proceeds will be used to finance projects and firms supporting the United Nations Sustainable Development Goals (SDGs).

Detailed explanation-2: -The Green Deposits proposition combines all the benefits of a regular fixed deposit with a commitment from DBS to support green and sustainable loans disbursed by the bank.

Detailed explanation-3: -A green deposit is a fixed-term deposit for investors who are looking to invest their surplus cash reserves in environmentally beneficial projects and initiatives. The idea behind green deposits is simple – banks make loans that support ESG projects.