India’s banks are sitting on a heat risk they have barely begun to price [Commentary]
Extreme heat is emerging as a material and measurable risk category for India’s banking and financial sector. Heatwaves in 2025 reduced lender collection efficiency in the June quarter across field-dependent loan portfolios. There are similar projections for 2026 that suggest a further decline due to extreme heat across northern and central India. Extreme heat cuts […]




