GREEN BANKING: RECENT TRENDS IN INDIA

Industrialization approximately the globe has triggered the detection of ever-increasing needs and demands of the population and it has become symbolic of prosperity and development of an economy. Simultaneously, it has brought about the abuse of the regular assets and climate, which thus has imbalanced the environmental framework. The irregularity in biological framework has unfavorably influenced the human and its current circumstance. The new mechanical and catastrophic event that occurred over the most recent thirty years were some way or another worried about the fast and conflicting or lopsided industrialization. This in turn has caused to rise an important issue of environmental protection among environmentalists, and organization from all over the world. In present scenario, environmental sustainability and sustainable development have become one of the most important agenda in the international community. This paper is mainly focused on the issue that how Indian banks are responding to environmental disturbance. This paper also provide an overview of the actions taken by Indian banks to equip them with  Go Green banking and  how they are playing an important role in reducing the imbalance in the environment. Indian banking system is being moving from physical banking to digital banking which leads ultimately to green banking. Mobile applications like BHIM UPI, Paytm, Phone pe, Sbi Yono etc. are the digital initiatives have been developed under current government.

               

KEYWORDS: Climate Change, Green Banking, Environmental Sustainability.


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