Green Banking in India A Review

Go green has become an important aspect of every industry and sustainability reporting has become a responsibility of every business, though profit maximization is the primary objective, many companies believe in Eco friendly environment operation. Technology has brought tremendous change, it has made both positive and negative impact on every sector and banking sector is the most dynamic in technological transformation. Information technology is one of the most important facilitator for transformation of Indian banking in terms of its transactions processing as well as for various other internal systems and processes. Green banking is an emerging concept for environmental sustainability which means promoting environment friendly practices for sustainable growth and reduces the carbon footprint from the banking industry. Green banking is considered as one of the tools for ensuring sustainable development where economic activity will not have any negative impact on the environment. Though it is believed that banking sector does not harm the environment but it impacts the environment in terms of excessive paper work, energy consumption such as lighting, air conditioning, etc, Green banking is all about going beyond to keep the world Eco environment without any significant damage. And this study is an attempt to understand the concept of Green banking and also to review the research carried in this field. Mohammed Nawaz | Dr. M.Sirajudeen | Dr. Ajaz Ahmed Khan "Green Banking in India - A Review" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd38004.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/38004/green-banking-in-india--a-review/mohammed-nawaz