Unravelling the Path to Green Banking: A Case Study of Karnataka Bank

Abstract

Purpose: Banks are adopting the concept of green banking to minimize both external and internal carbon emissions, which is an emerging trend. This paper aims to study the emerging trends of Green banking in India. The major purpose of the research article is to investigate the concept of green banking initiatives by Karnataka Bank and to examine the problems faced by Karnataka Bank to reach its green banking goals. Karnataka Bank Ltd.’ is the leading top ‘A’ c1ass schedu1ed Indian Commercial Bank. As a premier bank, a diverse array of products and services has been created and tailored to fulfill the varying business or personal requirements of customers. It is one of the leading emerging financial service institutions in India which has several branches all over India Methodology: In pursuit of the paper’s goals, secondary data sources such as books, journals, articles, newspapers, and websites have been employed. Findings: Private and public sector banks have taken necessary steps to reduce carbon emissions. All customers of the bank are offered green products and services and also more concern is shown towards environmental issues. The initiatives taken by most Indian Banks and the offering of green products and services by banks have proved to help preserve environmental balance and achieve sustainable development. Originality/Value: Based on the data available from secondary sources, the paper attempts to examine green banking practices in India and the initiatives of Karnataka Bank. Paper Type: Case Study