https://www.taxtmi.com/news?id=25151 IFSCA's draft guidance directs IFSC Banking Units and Finance Companies/Finance Units undertaking lending to adopt a Board approved policy on green, social, sustainable and sustainability linked lending aligned with recognised international standards. The policy must cover borrower assessment, use of proceeds identification and documentation, project evaluation and selection, management and monitoring of proceeds, reporting, verification, and de classification criteria. Entities will be required to implement the policy within a prescribed period and allocate a minimum share of loan assets to eligible green/social/sustainable sectors from the designated compliance year; any inability to meet targets must be reported to the Authority with reasons. en-us Thu, 03 Mar 2022 09:55:31 +0530 Thu, 03 Mar 2022 09:55:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25151 IFSCA's draft guidance directs IFSC Banking Units and Finance Companies/Finance Units undertaking lending to adopt a Board approved policy on green, social, sustainable and sustainability linked lending aligned with recognised international standards. The policy must cover borrower assessment, use of proceeds identification and documentation, project evaluation and selection, management and monitoring of proceeds, reporting, verification, and de classification criteria. Entities will be required to implement the policy within a prescribed period and allocate a minimum share of loan assets to eligible green/social/sustainable sectors from the designated compliance year; any inability to meet targets must be reported to the Authority with reasons. News - Thu, 03 Mar 2022 09:55:31 +0530 https://www.taxtmi.com/news?id=25151