Volume : IX, Issue : VI, June - 2019

SUSTAINABILITY AND INDIAN BANKING SECTOR: ISSUES AND PERSPECTIVES

Dr Namita Rajput, Ms Chanchal, Ms Saloni Arora

Abstract :

In today’s world, industrialization and globalization has added a great deal of solace to human life yet has additionally leaded to disturbing circumstance of tremendous natural abasement. Business houses, consumers and other stakeholders are now more concerned towards protection of the environment and are making amendments in their policies and strategies so as to take the initial step towards conservation of natural resources. In this situation, environmental sustainability can be maintained and promoted by financial sectors especially banks. The concern for environmental sustainability by the banks has given rise to the concept of Green Banking. Green business is being used in various financial sectors such as banks, credit card companies, stock okerage companies and consumer finance companies. The benefits of the concept have gained the attention of regulatory authorities, society, NGOs, customers, employees as well as international bodies for the issue. In a developing economy like India, the key focus of the growing banking sector should be on effective utilization of resources with minimizing the negative impact of climate change. This paper explores the benefits of green banking, green banking and sustainability, its development in India. It also throws light on a few Indian banks and their initiatives towards green banking practices. Primary and secondary data have been used in the study. The extent of green practices in Indian banking sector are relatively slow in comparison to global peers. Clearly defined Policies, better practices and increased awareness can minimize the alarming effects on environment.

Keywords :

Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

SUSTAINABILITY AND INDIAN BANKING SECTOR: ISSUES AND PERSPECTIVES, DR NAMITA RAJPUT, MS CHANCHAL, MS SALONI ARORA INDIAN JOURNAL OF APPLIED RESEARCH : Volume-9 | Issue-6 | June-2019

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