‘Green Deposit Programme’- HSBC India

Published on August 23, 2020
Current Context: HSBC India has launched ‘Green Deposit Programme’.
‘Green Deposit Programme’- HSBC India
  • The ‘Green Deposit Programme’ is launched for corporate clients who will be responsible to provide finance to the green initiative projects and eco-friendly projects. 
  • The projects which will be financed include renewable energy, clean and safe transport, controlling pollution, low carbon emissions, climate-resilient and sustainable economy.
  • With the help of this programme, corporate sectors will be able to support environmentally beneficial projects.
  • The ‘Green Deposit Programme’ is available in deposits i.e. as ‘term deposits’. These term deposits will attract higher interests as compared to the saving deposits.
  • The amount for green deposits will be subjected to a limit basis for eligible business and projects.
  • The ‘Green Deposit Programme’ will offer stable principal amount, pre-agreed return, protection and security for principals as a bank deposit.
  • The ‘Green Deposit Programme’ will prove beneficial to those corporates who want to provide investment in environmentally beneficial projects but are unable to provide investment due to lacking funds.
  • Static Part: 
    • HQ of HSBC India: Mumbai

Question: 

Q.1 Who among the following launched ‘Green Deposit Programme’?
a. SEBI
b. PFRDA
c. HSBC India
d. IRDAI

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