Green Banking is a new Colour of Indian Banking

Abstract

In all spheres, change is necessary for survival. Global warming, also known as the "Green House Effect," is a global problem that requires a global response. Economic advancement has received a lot of attention around the world, and humanity has made significant progress over time. Sustainability is at the forefront of business today. Everyone, from Wal-Mart to Apple, is talking about how green their methods, packaging, and approach are. Green business, on the other hand, is still in its infancy, and the green business of the future will probably boil down to a few very real and measurable objectives and practices. One of the most important economic activities for economic growth is investment in commercial projects, which are financed by the banking sector. The idea of green banking is that banks are working to restore the natural environment and encourage businesses to go green. Promoting environmentally friendly practices and reducing the bank's carbon footprint are both parts of green banking. It will make it easier to improve the asset quality of banks in the future and ensure that industries become more environmentally friendly. As a result of public pressure and government regulations, Indian businesses are going green. Green businesses have realized that waste management and pollution control have their own advantages, in addition to attracting capital investment. As a result, the fundamental principles that financial institutions have been relying on in their business strategies in recent years to support quality of service, the implementation of environmental conservation measures, support for deprived sections of society, and concern for quality of life in nature are Introduction, significance of green banking, green banking initiatives, banking institutions' environmental management, environmental management enforcement, and the government's role and green banking strategies are all covered in this paper.