Investigating the Mediating Role of public and private banks in the adoption of Green Banking Initiatives

Abstract

The issues of global warming and other environmentally related degradations have grown more serious with advances in industrialization.  Sustainable environment is not just a personal thing, it is a universal phenomenon; rapid economic development could be realized only in case all industries are the guardians of environmental sustainability.  Green bank projects enable the banks to play a significant role in ensuring that an ecofriendly ecosystem is promoted.  Green banking is a term which is used to refer to the heavy usage of ecologically friendly technology in the day to day financial activities.  Green finance has attracted the attention of many people over the past few decades.  Green banking is also being promoted greatly by India.  The given research explores the state of green banking in India and the level at which Indian banks are focusing on investments into sustainable development.  To achieve this goal, four banks are compared in pairs (two of them are state-owned and two are privately owned).  This report further looks into the future of green banking in India.  According to the report, Indian banks have gone past the notion of offering merely internet banking to facilitate carbon neutralization and financing environmental manifestations, garbage management, and so forth.  More green banking projects need to be encouraged in India too since even small banks can contribute a lot towards the green banking initiatives.  The research findings can help the banking and other regulators to assess the possibilities of green banking proliferation in India.