RBI allows NRIs to buy Sovereign Green Bonds

Mumbai, Nov 9 (IANS): The RBI has issued a notification allowing NRIs to invest, without any restrictions, in the Government’s Sovereign Green Bonds issued for 2023-24.

“It has now been decided to designate all Sovereign Green Bonds issued by the government in the fiscal year 2023-24 as ‘specified securities’ under the FAR (fully accessible route),” the RBI circular states.

The directions in the notification, issued on Wednesday, are “applicable with immediate effect,” RBI said.

The government plans to borrow Rs 20,000 crore through green bonds in the current financial year.

Green bonds can be issued by countries, companies and multilateral organisations to only fund projects that have positive impacts on the climate and environment and provide investors with fixed income payments. Examples of green projects include renewable energy, clean transportation and green buildings.



Top Stories

Leave a Comment

Title: RBI allows NRIs to buy Sovereign Green Bonds

You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.