Current Affairs - Banking - Discussion

Indian Overseas Bank joined the Partnership for Carbon Accounting Financials (PCAF) on its 89th Foundation Day, demonstrating its commitment to sustainability and responsible banking. PCAF promotes transparency in tracking greenhouse gas emissions from loans and investments, aligning with India’s climate goals. MD & CEO Ajay Kumar Srivastava highlighted the bank’s dedication to fostering a greener economy through sustainable financial practices. This move reinforces IOB’s role in contributing to global environmental efforts.