Adoption of Green Banking strategy for Sustainable Development: A Study with reference to select Indian Banks

Environmental degradation over the years has call for serious concerns for environmental conservation and improvement of the state of the environment. There have been unprecedented changes in the business practices over the decade to suit to the growing needs of environment and to combat the ever growing ecological and environmental problems. Green Banking has emerged as an alternative tool towards maintaining ecological balance thereby protecting the environment. Economic growth and development in largely influenced by the banking industry leading to qualitative and quantitative change in the environment. The concept of Green Banking aims at promoting practices which are environmental friendly and also reduces carbon footprints.