Axis Bank commits Rs30,000-cr lending till FY26
The lender will also scale down its exposure to carbon-intensive sectors in its wholesale banking business portfolio
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New Delhi: India's third largest private sector lender Axis Bank has committed Rs 30,000 crore lending till fiscal year 2025-26 under its sustainable financing framework, a senior official said.
These commitments are in line with the Sustainable Development Goals (SDGs), supporting India's commitments under the Paris Agreement. "As part of its commitments, the bank has set a target of incremental lending of Rs 30,000 crore over the next five years, under wholesale banking towards pertinent sectors included in its Sustainable Financing Framework (SFF)," Rajesh Dahiya, Executive Director (Corporate Centre), Axis Bank told.
Environmental, Social and Governance (ESG) is a measure which investors use as a tool to assess how good the practices of a company are. For the last three-four years, the words sustainability and ESG have made people sensitive about the whole idea of a sustainable planet, Dahiya said.
