Sustainable Development through Green Banking in India

At present entire world is facing the problem of climate changes and global warming as a result of development process. So, environment protection has become matter of core concern. Almost all institutions are able in playing vital role in economic development and environmental protection-banking is one of them. Green banking is a process associated with environmental protection and sustainable development of the nation. Banking sector provides job opportunities, creates wealth and eliminates poverty through its different activities. In its different activities banks can deploy environment friendly methods and also can motivate their customers to use them. Green banking consists of internal environment management, environment friendly financing and resources conservations. This study is based on secondary data and an effort to highlights the green banking aspects, which leads towards sustainable development of the nation. Development should be continuous and in manner so that next generations never face scarcity of resources. Diminishing resources is a matter of great concern and has drawn the attention of economists and scientists and thus the concept of sustainable development came into existence. The role of the banks and the initiatives taken by them for green banking has been studied here. Different measures such as e-banking, green loans, power consciousness, paperless and cashless banking, mobile banking, and green credit cards are ingredients of this study and a practical model is also suggested by the author.