Green Banking India’s Vision for Sustainable Finance in G20

In recent years global economies have realised that climate change has the worst impacts at the global level. Every country is experiencing the impact of climate change. Thus, a vision for long run could be the only way to sustain and develop holistically. The G20 summit in 2021 incorporated the concept of Sustainable Finance or the ways to make finance and banking sector more focused towards the sustainable business processes and models. The theme of upcoming G20 summit 2023 in India Vasudhaiv Kutumbakam or One earth, One family, One future clearly shows how much we need to focus on sustainable ways for development. Green Banking is one such way through which sustainable finance could be achieved. Green banking is the way of incorporating sustainable and green methods in banking practices to reduce carbon footprints of banks so that environment could be preserved and sustainable development could be ensured. Banks are adopting sustainable ways of financing and through other green methods are ensuring that there is no harm to the environment. This paper throws light on Indias vision for sustainable finance in G20 and green banking would help in achieving it. Green banking, through innovative and sustainable business models and financially supporting sustainable businesses, would be a key facilitator of sustainable development. Prof. Mohd. Hanif | Manisha Joshi "Green Banking: India's Vision for Sustainable Finance in G20" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-3 , June 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd57525.pdf Paper URL: https://www.ijtsrd.com.com/management/accounting-and-finance/57525/green-banking-india's-vision-for-sustainable-finance-in-g20/prof-mohd-hanif