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Author's Posts

Home > Posts by Amitanshu Verma

The Public Hindu Pilgrimage

More Than Faith Pilgrimages are now more than mere religious acts: they are vast moving spectacles where scale becomes proof of sanctity. The call to become part of a moment eternal yet fleeting draws...

Read more April 22, 2025 at 11:39 am Amitanshu Verma

Indian Banks and Environmental Accountability: A New Year of Complicity and Deception?

Indian banks walked nonchalantly into the new year, their indifference as thick as the smoke from industrial projects they finance. Pollution levels soared, environmental concerns, and sometimes protests, were witnessed over big infra projects...

Read more January 15, 2025 at 7:34 pm Amitanshu Verma

Holding financiers accountable for bankrolling big hydro projects

Teesta Stage III dam — one of the biggest hydropower dams in India — was entirely wiped out by last year’s devastating glacial lake outburst flood (GLOF). Hydropower projects, often despite their documented environmental...

Read more December 5, 2024 at 8:37 am Amitanshu Verma

Why RBI’s financial governance should address social and environmental concerns

The Reserve Bank of India released a new draft of the project finance framework in May. To address risks and impacts, it must integrate social and environmental considerations, writes the author of this commentary.

Read more July 24, 2024 at 4:25 pm Amitanshu Verma

Climate accountability: Disclose more, put checks before financing mega projects

In a globalised context, insufficient disclosure of climate risks may diminish a bank’s attractiveness to international investors.

Read more May 20, 2024 at 12:27 pm Amitanshu Verma

Report on National Consultation on Environmental and Social Safeguards for Financial Institutions

The Centre for Financial Accountability held a consultative discussion on Environmental and Social Safeguards Policy for Indian financial institutions at the National Consultation on Safeguards in Delhi on December 1, 2023.

Read more March 26, 2024 at 3:40 pm Amitanshu Verma

RBI Report on Currency and Finance: Still a long way off from environmental, social and climate safeguards

The Reserve Bank of India released its ā€œReport On Currency and Finance 2022-23 :Towards A Greener Cleaner Indiaā€ earlier this month.

Read more May 26, 2023 at 11:42 am Amitanshu Verma

Environmental & social responsibility of financial institutions must go beyond green initiatives

Most Indian banks and financial institutions do not have any environmental and social safeguard mechanisms.

Read more April 27, 2023 at 10:18 am Amitanshu Verma

India Pitches for Climate Finance Internationally, But Prioritises ā€˜Development’ at Home

The year 2022 saw renewed urgency and consistency in India’s pitch to demand ā€˜climate finance’.

Read more January 3, 2023 at 3:25 pm Amitanshu Verma

At India’s Climate, Finance and Policy Intersection, Big Infra Remains King

As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world’s coal investments. A 2021 report found that ICICI, the State Bank of India,...

Read more September 7, 2022 at 5:37 pm Amitanshu Verma

ESG dilution: Way forward lies in inequality sensitive RE Finance

The first half of this year has been challenging for RE expansion both at the global level and in India. Supply disruptions in coal and Liquified Natural Gas (LNG) owing to the Russia-Ukraine war...

Read more August 1, 2022 at 4:54 pm Amitanshu Verma

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