GREEN BANKING

1. MEHRAJ UD DIN WANI
RESEARCH SCHOLAR
DEPARTMENT OF HRM & OB
CENTRAL UNIVERSITY OF JAMMU

2. Help the people
Help the planet
Be the change
You wish to
See in the world
─ Gandhi

3.  GREEN BANKING is
like a normal bank
which considers all
the social and
environmental factors;
it is also called as
ethical bank. Ethical
banks have started
with the aim of
protecting the
environment

4. Green Banking, as defined by Institute for Development
and Research Technology, is an umbrella term referring to
practices and guidelines that make banks sustainable in
economic, environment, and social dimensions. It aims is to
make banking processes and the use of IT and physical
infrastructure as efficient and effective as possible, with zero
or minimal impact on the environment.
Green banking is that form of banking which will benefit the
country for protecting the environment in today’s era of
globalization, as we are in 21st century but we are in a
condition where depletion of green resources is very high.

5.  Sustainable banking
 Ethical banking
 Green mortgage
 Green loan
 Green credit cards
 Green saving accounts
 Green checking accounts
 Green cds
 Green money market
accounts
 Mobile banking
 Online banking

6.  Basically Ethical banking avoids as much as paper work, you may go
green credit cards, go green mortgages and also all the transactions
done through online.
 Creating awareness to business people about environmental and
social responsibility enabling them to do a environmental friendly
business practice.
 They follow environmental standards for lending, which is really a
good idea and it will make business owners to change their business
to environmental friendly which is good for our future generations.
 When you are awarded with a loan, the interest of that loan is
comparatively less with normal banks, because ethical banks give
more importance to environmental friendly factors they do not
operate with high interest rates.

7. As we talk about India the first green bank were started by state bank of
India, the largest commercial bank of India. In September (2015) the
United Nations general assembly formally adopted the “universal,
integrated, and transformed. Banks play very important role for sustainable
development like green banking interventions.
The banking is the way to protect the natural environment by going green.
The present situation in the whole world is to protect the globe and keep
protecting the climate change with green economy every kind of
transaction is it electronic or ATM which will help to eradicate the global
crisis.

8.  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

9.  Indus ind bank
 State bank of India
 ICICI bank
 IDBI bank

10. Green banking
implementation year
Name of the banks operating in
India
1996
Union bank of India
2003
Royal bank of Canada, CITI Group, HSBC,
RBS, ING VYASA
2005
Yes bank, corporation bank
2006
Bank of America, JP Morgan
2007
ICICI, Oriental Bank of commerce, SBI
2008
Bank of Baroda, Karnataka bank, Dena bank
2009
HDFC, IOB , indusland bank, PNB, ABN AMRO,
Karur Vyasa, Andhra bank

11. According to a recent study by Javelin Strategy and Research, bank customers
loved this idea. 43% of customers said they would rather do business with a bank
that seems more "green." It's true that monthly paper statements have a big impact.
If every household in the US were able to switch to paperless billing, this would
save an estimated 16.5 million trees per year or about 46,000 acres (there are about
360 trees per acre). Trees protect watersheds, support wildlife habitats, and build
soil fertility while sequestering carbon (deforestation is now the 2nd leading cause
of global warming).
Ragupathi. M and sujatha.s (2015) studied the way go green with the help of green
banking initiative. Previous banks was not aware about the term green banking, but
today banks played very important role for sustainable development.
Jeucken (2001) highlighted four different stages for sustainable banking i-e,
defensive, preventive, offensive and sustainable banking.
Chowdhery Prasad (2002) has studied the total impact of economic reforms on
banking sector in India and also given suggestions how Indian banking sector will
face the changes and challenges.

12. The overall study is conducted on the basis of
secondary data and all the data are collected from
different sources like newspapers, journals, RBI
bulletin

13.  Role of banks in sustaining the natural environment and
economic development through green banking.
 To identify the initiative by banks for sustainable development

14.  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.

15.  It is important that Indian bank recognize their environmental and
social responsibilities for effective green banking, the RBI and Indian
government should pay a proactive role and formulate green policy
guidelines and financial incentives.
 Indian bank should adopt green banking as a business model without
much further delay
 It is important that Indian banks recognize their environmental and
social responsibilities for effective green banking, RBI and Indian
government should pay a proactive role and formularise green policy
guidelines and financial incentives. Indian banks should adopt green
banking as a business model without much further delay.