ISO 9001:2015

GREEN BANKING PRACTICES IN INDIA: A CASE STUDY OF STATE BANK OF INDIA

Jayanta Kumar Bihari & Laxmipriya Swayin

Now-a -days almost all the countries are changing their conventional approach to environmental friendly approach in all the fields. Banking is not an exception to it. As the growth engine of the economy, commercial banks can be the change agent by adopting greener banking practices. Adoption of greener banking practices will be useful in many ways like increase in operational efficiencies, lower chance of manual errors and fraud, and cost reductions in banking activities etc. The main objective of this paper is to study how the Indian banking sector leader i.e., STATE BANK OF INDIA responding to environmental changes and to provide an overview of its action in view of green banking adoption, awareness, drivers, challenges and gaps etc. by secondary data and reports published. The results reveal that the banking leader is taking different green steps like carbon neutrality, energy saving, use of renewable energy, waste management, digital innovation etc.

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Keywords: Green Banking, Corporate Social Responsibility, Global Warming, Low Carbon Economy.


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