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Green banking
- 2. India is likely leave behind UK, Japan and Germany and will know as third largest domestic banking market in the world by 2040 after china and the US. -by ‘Price Waterhouse Coopers’(Banking in 2050)
- 3. As socially responsible corporate citizens (SRCC), Indian banks have a major role and responsibility in supplementing government efforts towards substantial reduction in carbon emission. CSR involves the management toward good work for community. CSR has been identified as a tool to contribute Indian banking bottom line and also ensure its long term sustainability.
- 4. Main types of CSR practices are: 1. Rural Development 2. Woman Empowerment 3. Poverty Eradication 4. Community Welfare 5. Vocational Training 6. Education and Employment 7. Green Banking.
- 5. Green banking is like a normal bank, which considers all the social and environmental factors, it is also called as a ethical bank. Ethical banks have started with the aim of protecting the environment. And it is controlled by same authorities as what a traditional bank do.
- 6. "Green banking means promoting environmental friendly practices and reducing your carbon footprints from your banking activities."
- 7. To study concept and need of ‘Green Banking’. To identify the steps necessary to adopt Green Banking. To identify various issues and controversies related to green banking with reference to Indian banks (State Bank of India).
- 8. Credit risk Legal risk Reputation risk
- 9. Carbon credit business Green Banking Financial Products Green mortgage Social Responsibility Services Carbon Footprint Reduction ◦ Green loan ◦ Green credit cards ◦ Green checking accounts ◦ Energy Consciousness ◦ Green Buildings ◦ Mobile banking ◦ Online banking ◦ Using Mass Transportation System
- 10. Cost of traditional banking: 1. Environment degradation. 2. Wastage of paper and trees. 3. More man power is require handling the paper work. 4. Delay in getting transaction’s information. 5. Inconvenient in terms of long hours of waiting at bank counters. 6. Time consuming process.
- 11. Benefits of green banking ◦ Rationalization of paper use. ◦ Helps in controlling Deforestation. ◦ Time and Money is saved. ◦ Faster services to the customers. ◦ Generate Clean and hygienic environment. ◦ development of human capital of country. Sustainable DevelopmentLeads to the Financial Institutions and Banks By Green Banking or CSR
- 12. RBI SBI ICICI Bank Induslnd Bank Union Bank of India Yes Bank IDBI Bank
- 13. Basically Green banking avoids as much paper work as possible and rely on online/ electronic transactions for processing so that we get green credit cards and green mortgages. Less paperwork means less cutting of trees. It also involves creating awareness to banking business people about environmental and social responsibility enabling them to do an environmental friendly business practice. Green Ethical banks adopt and implement environmental standards for lending, which is really a proactive idea that would enable eco-friendly business practices which would benefit our future generations. When we are awarded with a loan, the interest of that loan is comparatively less with normal banks because green banks give more importance to environmental friendly factors - ecological gains. Green Banking as a concept is a proactive and smart way of thinking with a vision for future sustainability.
- 14. Conclusion Adopt green banking Reduce Paper Work Create Environment Awareness Save the Earth