International Journal of Management (IJM)

Source ID:00000011
Volume 7, Issue 7,November–December 2016, Pages 276-280, Page Count - 5

GREEN BANKING: AS BANKS INITIATIVE FOR SUSTAINABLE DEVELOPMENT

G Jayabal (1) M Soundarya (2)

(1) Professor and Head, Dept of Bank Management, Alagappa University, Karaikudi, India.
(2) Ph.D Full Time Scholar, Dept of Bank Management, Alagappa University, Karaikudi, India.

Manuscript ID:- 00000-40150
Access Type : Open Access
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Cite this article:G Jayabal,M Soundarya,  Green Banking: As Banks Initiative For Sustainable Development, International Journal of Management(IJM), 2016, 7(7), PP.276-280

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Abstract

Green Banking means ensuring environment friendly practices in banking sector and thereby reducing internal and external carbon footprints. In India the first green bank is the State Bank of India(SBI), India’s largest commercial bank, which took initiative in setting high sustainability standards and completed the first step in “green banking” with shri O.P. Bhatt, chairman, SBI Inaugurate the bank’s first wind farm project in Coimbatore. The green bank initiative which includes ATMs, paperless banking for customers and building of wind mills in rural India. Green Banking covers two aspects. The first one being judicious use of all resources, energy and reducing carbon footprints and second being encouraging and financing only environment friendly investment. So Green Banking is not only about making sustainable use of resources but also about environment friendly dispensation of credit. This paper mainly focuses on role of banks initiative for sustainable development in green banking.
Author Keywords
Green banking Carbon footprint Sustainable development Environment friendly
Index Keywords
Green bank Wind mill Banking sector  Internet banking


ISSN Print: 0976-6502 ISSN Online: 0976-6510
Source Type: Journals Document Type: Journal Article
Publication Language: English DOI:
Abbreviated Journal Title: IJM Access Type: Open Access
Publisher Name: IAEME Publication Resource Licence: CC BY-NC
Major Subject:Social Sciences and Humanities Subject Area classification: Social Sciences
Subject area: Banking and Insurance Management Source: SCOPEDATABASE