Green Banking- A Theoretical study based on previous research and an initiative from commercial banks including rural banks to reduce global warming and enhance safe environment for future lives

Abstract

Finance is the lifeblood for every person and business. It can be raised from many sources but banks play a major role in lending loans to start a business and run the business successfully. The banking activities are operated mainly in paper forms that creates more pollution to the environment and leads to global warming. Green banking means promoting environmental friendly practices and reducing the carbon footprints from banking activities. Because of such reason we are in need to talk about the green practices followed by banks to mitigate the risk and provide enough guidelines to the account holders about their technologies framed and adopted to overcome the problem. This article aims to discuss the concepts, practices, challenges and opportunities of green banking concept. It also highlights the green practice strategies adopted by banks and disseminate knowledge to the bankers,customers and employees. The lending hands of private, public and rural banks that helps to control usage of papers that affects our environment and conclude based on the initiatives by banks to enhance ethical and eco friendly environment.