Location-Based Green Banking Initiatives

Abstract

The present world is without a doubt known for globalization and industrialization, yet human life is at this point encountering circumstances given standard to shame. Currently, the chief concern of businesses, corporate companies, and individuals is the security of the standard resources, which are depleting daily. Climate supportability can be kept up with and advanced by the monetary areas. Indian monetary area is firmly founded on the Indian financial area, and the Indian financial area currently has given significance to the idea of green banking. Alongside banks, different areas like stock financier organizations, credit card organizations, and money organizations are additionally following the green business idea, which has acquired ubiquity among other administrative specialists, NGOs, social orders, and clients. This chapter investigates the idea of green banking, its advantages, and its advancement in India. Two banks (private and public) are chosen for their drives taken toward green banking. Both essential and optional information have been utilized in the review.

Driving Environmental Sustainability: A Comprehensive Review of Green Banking in the Indian Financial Landscape

“…Green banking initiatives have gained popularity among Indian banks, with both public & private sector banks implementing sustainable practices. The Indian financial sector including banks, stock brokerage firms, credit card companies, and financial institutions has embraced the concept of green banking which has gained recognition from regulatory authorities, NGOs, societies and customers (Rani et al, 2023). "ICICI Bank", one of the leading financial institutions in India which has been actively reporting on sustainability and implementing ESG (environmental, social and governance) initiatives.…”