A crop loan in Vidarbha is a climate exposure. A dairy unit in Bundelkhand is a climate exposure. A warehouse in coastal Odisha is a climate exposure. We just did not price it that way. The global conversation has moved fast — TCFD, ISSB, green taxonomies, blended finance, transition finance. But the real work is quieter and harder. It is sitting with a credit officer in a rain-fed district and asking: what happens to this portfolio when the monsoon shifts by three weeks? Wha

Priority Sector Lending was created to direct credit toward sectors the market often underserves. In India, it remains one of the most important channels for moving capital into agriculture, rural households, MSMEs, housing, and other priority segments. But the environment around PSL has changed sharply. India’s aggregate outstanding bank credit stood at ₹212.9 lakh crore in March 2026, up ₹29.2 lakh crore year-on-year. At that scale, even small shifts in asset quality can ha