"Green banking" is when banks consider all the social and environmental factors for the purpose of sustainable development of society. With the rising concern for environmental sustainability, the concept of green banking is becoming popular. Therefore, this study aims to identify the need for green banking and various initiatives taken by Indian banks toward green banking. Moreover, the study also identifies the green banking products offered by banks in India and the challenges faced by them. To accomplish the study's purpose, data is collected from various secondary sources like HDFC’s Environment Integrate Report, ICICI Bank’s ESG Report, SBI’s Sustainability Report, and published books, magazines, and newspapers. The study's findings show that green banking has helped reduce carbon footprints by adopting digitalization and reducing paperwork. Moreover, the HDFC and ICICI banks, as the top banks in India, have helped reduce carbon emissions by financing energy efficiency projects. In the end, it is concluded that the excessive use of natural resources negatively impacts the environment; hence various organizations are taking measures to curb this. The Indian banking sector has also adopted various green initiatives like online banking, mobile banking, green mortgage, green building loans, and many more to reduce carbon emissions. In addition, it helps to conserve the environment by planting more trees and using renewable energy.

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Keywords: Mobile Banking, Green Banking, Carbon Footprint, Digitalization, Sustainable Development.