Extreme weather like floods, droughts, cyclones puts $84 billion of Indian banks debt at risk
An increase in extreme weather events such as floods, droughts and cyclones risk souring debt worth more than Rs 6.19 lakh crore ($84 billion) at India’s biggest financial institutions. That’s according to leading nonprofit environmental disclosure platform CDP. State Bank of India NSE, the country’s largest lender, HDFC Bank, IndusInd Bank and Axis Bank NSE are among the institutions that …