Deposit insurance function likely to confront more complex challenges [Read More]

Michael Debabrata Patra, Deputy Governor of the Reserve Bank of India, highlighted the evolving challenges facing deposit insurance, particularly amidst heightened uncertainty and the emergence of climate change risks. He noted that many deposit insurers have adopted formal Environmental, Social, and Governance (ESG) policies and are engaging with initiatives like the Network for Greening the Financial System (NGFS). \r

The RBI is exploring measures like coverage for green deposits and differential premiums based on climate risks.