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VOL. 9, ISSUE 6 (2023)
Green banking: An initiative for adoption of Eco-friendly banking methods
Authors
Dr. Soofia Fatima
Abstract
Green Banking is the
buzzword, and it has been progressively admired worldwide in recent years.
Making the best use of technology can help adopt green banking. Creating
inclusive banking practices that guarantee sustainable development is referred
to as "green banking." It is sometimes referred as ethical banking,
which denotes a style of banking by adopting and encouraging eco-friendly
activities. It also helps in decreasing the banking industry's carbon
footprint. In India, SBI was the pioneer bank to implement this method of
banking. The viability and effectiveness of eco-friendly banking, outlines the
rationale for the urgent adoption of ‘go green’ in banking industry. Adherence
to green banking norms also push banks to encounter multidimensional obstacles
due to the existence of technological challenges and lack of technical expertise.
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Pages:42-44
How to cite this article:
Dr. Soofia Fatima "Green banking: An initiative for adoption of Eco-friendly banking methods". International Journal of Commerce and Management Research, Vol 9, Issue 6, 2023, Pages 42-44
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