IndusInd Bank has announced the launch of 'green fixed deposits', whereby the deposit proceeds will be used to finance projects and firms supporting the UN's Sustainable Development Goals (SDGs).
India has announced financial assistance of USD 900 million loan to Sri Lanka to help the island nation in building up its depleted foreign reserves and for food imports.
The D-SIBs banks are classified into 5 buckets. Bucket 1, Bucket 2, Bucket 3, Bucket 4 and Bucket 5. With Bucket 5 being the most important followed by rest in decreasing order.
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