Yes Bank is India’s most climate change-ready lender, and it still falls short

The troubled private sector bank is way ahead of its peers in terms of mechanisms to tackle climate risks, but is failing to follow up on its early moves.

Yes Bank has had a tumultuous last few years. Burdened with bad loans, the private sector lender was staring at a complete collapse before interventions from the Reserve Bank of India set in motion a restructuring of the top management and pulled it back from the brink. Since then, it has been a long road back to fitness.

And, yet, in the backdrop of all that chaos, Yes Bank managed to do something most Indian banks could not: Start preparing for the worst impacts of climate change.

A new analysis of India's 34 banks by Climate Risk Horizons shows that …