PSU banks see sharp jump in green deposits FY26; deploy funds for clean transport, renewable energy

Indian state-owned banks witnessed a significant rise in green deposits during FY26. This growth reflects growing depositor interest in sustainable finance. The Reserve Bank of India's Green Deposit Framework, introduced in 2023, has played a key role. Banks are channeling these funds into environmentally friendly projects like renewable energy and clean transportation.

Raccontata daeconomictimes.indiatimes.com