REGULATORY FRAMEWORK AND GREEN BANKING PROMOTION: INSIGHTS FROM INDIA

Green banking has garnered increasing attention as a pivotal mechanism to combat climate change. This research paper investigates the evolution of green banking in India. Drawing on the nexus between financial sustainability, institutions, and government policies, the study attempts to discern the drivers propelling green banking. The paper draws on the existing literature on green banking and government policy documents. It identifies government intervention as a key driver of green banking. It presents a compilation of all the regulatory and policy measures undertaken in India and suggests possible focus directions. The study underscores the importance of regulatory measures.