📚 IJBEMS — A Peer Reviewed Refereed International Journal of Business Education and Management Studies · ✉️ ijbems@gmail.com

INTERNATIONAL JOURNAL OF BUSINESS EDUCATION AND MANAGEMENT STUDIES

International Journal of Business Education and Management Studies (IJBEMS)

Current Issue

A Study on Green Banking- Benefits and Challenges

IJBEMS  ·  Vol 2 issue 1 2020  ·  2020-02-25
Publication Details
Author(s)
Jayalakshmi VA; Ishwar Rama Pavaskar
Article Type
Research Article
Issue
Vol 2 issue 1 2020
Volume
2
Number
1
Pages
1-9
Publication Date
2020-02-25
Abstract
Natural resource is the gift of nature and human beings depend on these natural resources for fulfilling their needs, the important thing is that they need to use in proper and sustainable way. The Climate change, pollution of environment and their effects are already visible on people. The concept of green banking evolved in banking system and brought focus to carry out banking operations in environment friendly way and also contribute in possible way towards sustainable growth and conservation of nature. Reducing carbon footprint and economic sustainability is the main motive of the concept Green Banking. Banking operations in environment friendly and providing finance to green projects, financing low carbon footprint industries with low interest loan to save the environment. Environment conservation is the direct benefit which comes after adopting green banking initiatives and indirect benefits include promoting Paperless, Cashless, Faceless Economy and avoid manipulation of documents, frauds also help to reduce operational cost with improve efficiency. Green banking is an environment friendly concept and the benefits adopting are many and also. This research paper attempt to know the benefits of Green Banking and usage benefits among people as well as bankers. Identify the various steps taken by banks to involve them to make use of user friendly.
Keywords
Green banking Green banking products and services Sustainable development Environment protection.