Question:
Which Indian bank was the FIRST to issue “Green Bonds” for financing renewable and clean energy projects?
Which Indian bank was the FIRST to issue “Green Bonds” for financing renewable and clean energy projects?
Updated On: Aug 25, 2025
- State Bank of India
- ICICI Bank
- Bandhan Bank
- Yes Bank
- Axis Bank
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The Correct Option is D
Solution and Explanation
In the realm of financing renewable and clean energy projects in India, Yes Bank marked a significant milestone by being the first Indian bank to issue "Green Bonds." This initiative was introduced to support sustainable energy methods and projects that align with environmental benefits. Green Bonds are specifically earmarked to raise funds for new and existing projects that offer climate benefits, underscoring the commitment of financial institutions like Yes Bank to foster development in environmentally conscious domains. Their leadership in this sector paved the way for other banks to follow suit, enhancing India's overall contribution to sustainable finance and clean energy development.
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