A study on green banking initiatives of selected private and public sector banks in chittoor (dt.), andhra pradesh

Abstract

In recent years, climate change and global warming have become major issues in environmental protection. To protect the environment many organizations worldwide adopt green practices to control both climate change and global warming. In this context, the banks also started the green banking concept to protect the environment. They are initiated by saving energy, reducing paper usage, etc. This paper explores the initiatives undertaken by the banking sector in India under the green banking bucket. green banking means commercial banks trying to save natural resources and reduce the carbon footprint from banking activities. It promotes eco-friendly practices in finance. It drives the banks to practice new methods and use IT and physical infrastructure as competent and operatively as possible, with zero or minimal impact on the environment. The concept of Green Banking and its practices is not only mutually profitable to the economy, banks, and industrial sectors but also supports restoring the planet from global warming and climate change. This study finds that both public and private banks are now using online banking, mobile banking, and energy-saving methods in their services and giving awareness to their customers.