RBI to Soon Launch Sovereign Green Bonds Trading Scheme at IFSC

The Reserve Bank of India (RBI), led by Governor Shaktikanta Das, announced it will soon notify a new scheme for the trading of sovereign green bonds at the International Financial Services Centre (IFSC) in Gujarat. This initiative, part of the RBI's monetary policy for 2024, also includes a Liquidity Coverage Ratio Framework and Rupee Derivative Products for Small Finance Banks. The move aims to facilitate wider non-resident participation in these bonds, as part of India's efforts to promote sustainable and green financing under the #RBIMPC and #rbipolicy guidelines.