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Green banking: as banks initiative for sustainable development

This paper mainly focuses on role of banks initiative for sustainable development in green banking. | Green banking as banks initiative for sustainable development International Journal of Management IJM Volume 7 Issue 7 November December 2016 pp.276 280 Article ID IJM_07_07_030 Available online at http www.iaeme.com ijm issues.asp JType IJM amp VType 7 amp IType 7 Journal Impact Factor 2016 8.1920 Calculated by GISI www.jifactor.com ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication GREEN BANKING AS BANKS INITIATIVE FOR SUSTAINABLE DEVELOPMENT Dr. G. Jayabal Professor amp Head Dept of Bank Management Alagappa University Karaikudi Tamilnadu M. Soundarya Ph.D Full Time Scholar Dept of Bank Management Alagappa University Karaikudi Tamilnadu 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. Key words Green banking Carbon footprint Sustainable development Environment friendly Cite this Article Dr. G. Jayabal and M. Soundarya Green Banking as Banks Initiative for Sustainable Development. International Journal of Management 7 7 2016 pp. 276 280. http www.iaeme.com IJM issues.asp JType IJM amp VType 7 amp IType 7 1. .