REVIEW OF LITERATURE
1. Lavanyya Rajamani. (1995) said that Bankers are now like anyone also apart from richer he clearly had not envisioned the huge social role that the current day banker would obtain. As the holder of the purse strings the bank is in the best position to inflict condition laities and demand compliance at the loan documentation phase. Such a position may not be conventional in India in today’s liberalized environ for it may be seen as impeding asset, so it may be best to adhere to non-coercive but strong compulsions and incentives to development Green Banking.
2. Pravakar Sahoo ; Bibhu Prasad Nayak. (2007) examined that Banking and additional financial institutions are more successful towards achieving this objective for the sort of go-between role they play in some financial system and for their possible reach to the number of investors. Environment is refusal longer the exclusive concern of the government and the direct polluters other than also the additional partners and stake- holders in the business like financial institutions such as banking institutions can play a very important role in development connection between financial growth and ecological defense. This time now that India takes some main steps to slowly adhere to the equator principles rule that use environment responsive parameters separately from financial to fund projects.
3. Nigamananda Biswas. (2011) said that as green banking is not yet a enter reason for most customers to choose one financial institution over one more, customer stress and better ecological awareness are heavy a number of financial institutions to go green. Environment is a enter center in the middle of ethical banks as well as between many conservative banks that wish to emerge more ethically oriented or that see switching to more ecological practices to be to their benefit. Banks in India have important pressure over the protection of easily broken social groups and environments in Asia. Then green banking in concerned India’s banks are organization behind time and it is the need of the hour to believe it gravely for the sustainable growth of the nation.
4. Goyal.K.A. & Vijay Joshi. (2011) said that a Bank is one of the most ordinary factors among public, societies, industries, and countries. We determination relationship to bank’s directly or indirectly. There is direct role of banks in day-to-day process of our life. As we recognize that a bank is a financial institution and whether it is an ordinary people, private sectors or government sectors all of them are dealing with banks. Separately from this, the idea of Globalization and Liberalization has been leading the world market. We have included ourselves with the world financial system by adopting the own concepts. In this scenario that right time to focus on the social and ethical issues in Banking Industry.
5. Hardeep Singh ; Bikram Pal Singh. (2011) measured that being Green banking initiatives growth is high. It is becoming well-organized in the process of your personal and business life by “eliminating wasteful spending based on habits that no longer serve your purpose”. They awareness of green banking among bank’s employees and customer’s then reduces carbon dioxide (CO2) emissions from electricity use and transportation, increase recycling for paper, toners, cartridges and batteries, increase the use of green products by bank branches. The survival of the banking industry is inversely relative to the level of global warming. Indian banks should accept green banking as a trade model without any further delay.
6. Maruf Ullah.Md. (2012) analyzed that the quick change in climate will be too huge to be adapted by the eco-system as the change have already complete straight impact on biodiversity, agriculture, forestry, dry-land, water resources and human physical condition. As such problem of global warming calls for a global response. Due to extraordinary climate pattern, increasing greenhouse gas, declining air quality etc. society demands that business also take responsibility in conservation the earth. To make easy a relative analysis of Green Banking practices in strategy for Bangladesh with SCBs, SDBs, PCBs and FCBs. There is a group of scope for all banks and they can not only save our earth but can transform the whole world towards energy aware. Banks must inform their customers about green banking and recognize all strategies to save earth and build banks image.
7. Namita Rajput, Baljeet Kaur ; Anu Priya Arora. (2012) analyzed that the purpose of this paper is to inspect the relative representation of green banking initiatives in India and abroad which will help in symptomatic of the likely gaps of green initiatives in India and will also suggests the possible channels to promote green banking in India. The itemize benefits and highlight initiatives taken by various banks adopting of green banking. The banks in achieving in spreading the awareness of green banking in India vis-a-vis global scenario. If we compare the green initiatives taken by the banks of the rising nations we are after urban countries which have understood the significance of concerning environment and social resources responsibility as the main streaming in banking operations and have started to be taking a lead on the road of sustainable banking.
8. Sarika Srivastava ; Anupama Ambujakshan. (2012) said that Indian banks have started adopting Green banking as a main proposal towards economy situation. A green bank is a bank that functions like the traditional commercial banks but also promotes environmental and social responsibility. Hence it is also termed as ‘Ethical banking’ Successful green banking; some useful events must be taken by the Reserve Bank of India and Indian government. If some strict strategy is issued to banking industry, they will contain to pursue the same and we would be able to save environmental resources. Further delay in this regard has to be avoided and creating awareness must be the first step towards successful completion of the concept of green banking.
9. Sarita Bahl. (2012) highlighted the means to create awareness in internal as well as sub system among aim groups and import education to reach sustainable growth through Green banking and also enumerated the effectual process for Green banking and also analyzed the strategies that helped in promoting Green banking. The study exposed that green news on favored option as effectual mean followed to create awareness among managers and personnel as internal sub-system to reach sustainable growth through green banking. The study also depicted that occasion meetings media and websites had been rated as the most effectual means of creating awareness as external sub-system among clients, subsidiary and universal public to reach sustainable growth through green banking.
10. Sarita Bahl. (2012) highlight that a variety of monetary services adopted by green business are banks, credit card banking sectors, insurance companies, customer finance companies, stock brokerages and investment funds. A bank connects customers with capital surpluses. Indian initiatives by different banks adopting green banking in India and join important strategies for green banking. As far as green banking is afraid Indian banks are far behind their complement from developed countries. If Indian banks desire to enter global markets, it is vital that they recognize their ecological and social responsibilities. In addition to extenuating risks, green banking new marketing and avenues for creation separation. Indian banks ought to adopt successful strategy for green banking by considering it as a planned essential and need of the hour.
11. Sarwar Uddin Ahmed. (2012) said that lenders can even be held in charge for their clients’ environmental impacts. Thus banks have strong prudential reasons to be green. In light of this growing responsibility of banks, the object of this manuscript is to explain the global perspective of green banking, status of Bangladesh and way forward. This will motivate the banks to be more conscious as they will have direct impacts on their performance evaluation.
12. Broto Rauth Bhardwaj & Aarushi Malhotra. (2013) said that banks can provide important leadership for the required economic transformation that will provide new opportunities for financing and investment policies as well as portfolio management for the creation of a strong and successful low carbon economy. Economists are clear that substantial funding from the private sector is needed to achieve the level of investment required to control the effects of climate change. While entrepreneurial activity has been an important force for social and ecological sustainability; its efficacy is dependent upon the nature of market incentives. This limitation is sometimes explained by the metaphor of the prisoner’s dilemma, which we term the green prison.
13. Dipti Gala. (2013) analyzed that green banking will help in having cleaner and greener India and electronic banking has the direct impact on environment. The issue of e-banking fraud is of great concern in the nation today. In the technologically developing world we talk about more and more people should use green banking services in order to have clean and green India, but where is the safety and security to the people using green banking? The main objective to study of this paper is to find out the various reasons as to why the customers are reluctant in using the green banking services inspire of having various benefits attached to it. The joint efforts of banks, customers And legislatures will help in increasing the number of people using green banking which in turn will lead to cleaner and greener India and to have a sustainable development.
14. Fayez Ahmad, Nurul Mohammad Zayed ; Ashraf Harun.Md. (2013) analyzed that government has developed different framework and strategies to find out the best possible solution in order to protect the country as well as the global environment. They role of stakeholders to influencing bankers in implement the different aspects and profit potential in adopting of green banking. Then another role of improving brand image through adopting green banking strategy. Bangladesh Bank which has the legal power to shape the behavior of the banks, it will have to force all the banks to implement green banking policy to curb its own environmental pollution, giving loans to environmentally friendly projects and reducing investment in environmentally harmful projects. This green banking can play a significant role in implementing the broader concept like sustainable economic development.
15. Kandavel, D. (2013) considered that environmental change is as old as the history of human development. In the last century, development and modification have come much faster than ever before. While it took a few thousand years for man to pass from Paleolithic to Neolithic tools, it has taken less than a century to modify conventional weaponry to nuclear devices. Now when our environment fights us back, we are forced to rethink and amend our ways of living to become more eco-friendly. A new trend hence was given birth in our endeavor to become eco-friendly which many define as ‘being green’. India has enrolled herself to join this new trend and pass out with the best result possible.
16. Maruf Ullah, Md. (2013) analyzed that green refers a broad range of social, ethical and environmental dimensions. However, for the purpose of the study that tends to look into environmental aspect, “green” is primarily to describe banks’ impacts on the environment, environmental responsibility as well as environmental performances in their activities. The study mainly aims at a comparative analysis about the green banking issue among SCBs, SDBs, PCBs and FCBs. There is a lot of scope for all banks and they can not only save our earth but can transform the whole world towards energy conscious. Banks must educate their customers about green banking and adopt all strategies to save earth and build banks image.
17. Mustafizur Rahman. Md, Ali Ahsan. Md, Motahar Hossain.Md & Meem Rafiul Hoq. (2013). said that banking sectors are the main source of money for different commercial projects and those are working in bringing the economic development of a country. Green banking is nothing but the operation of the banking activities giving especial attention upon the social, ecological and environmental factors aiming at the conservation of nature and natural resources. The study management of environmental risk and identify opportunities for innovative environment friendly financial products. They design proper environmental management system in the investment projects to create financial products and services that supports commercial development with environmental benefits. It will then help earth in regaining Green Environment and ensure safe residence for our off-springs. Only the collective approach of both the clients and bankers can make this a true.
18. Namita Rajput, Ruchika Kaura & Akanksha Khanna. (2013) said that the approach to green banking or sustainable banking as it is also known varies from organization to organization. Green banking as a term covers several different areas, but in general refers to how environmentally friendly your bank is, and how committed to green policies these institutions are; As green initiatives flounce across the globe, many banks are taking note of this and taking action. The main objective of this paper is to deeply understand how Indian banks are responding to environmental turbulence and to provide an overview of their action in view of green banking adoption, awareness, drivers, challenges and gaps. The main drivers for employing environmental and social initiatives included improved brand reputation, opportunities for innovation and improved stakeholder relations and Preparedness for future compliance requirements in order of majority.
19. Namita Rajput, Simple Arora & Akanksha Khanna. (2013) analyzed that Environmental Performance is the correlation between the organization and the environment. It is all about striking a balance between organizations various activities, practices and processes and their effect on environment. It includes the environmental impacts of the organizational process, the environmental implications of its products and services, the recovery and processing of products and the environmental effects of resources consumed. A cost benefit analysis of implementing green banking can be researched. Then a scale could be developed to measure the impact of green banking. The research can be extended by taking other variables into account and study relationships and impacts. This implies that while green banking initiatives are not increasing the profitability of banks, there exist some other micro economical factors which are contributing towards the profitability.
20. Nishikant Jha & Shraddha Bhome. (2013) said that to avoid falling into similar trap; the impulse of ‘going green’ is running faster than blood in Indian Incorporations veins. From IT giants to luxurious hotels, from Automobiles to Aviations, from Mutual Funds to Banks corporate India is moving fanatically ahead with green initiatives. The Study concept and steps necessary to adopt through check the awareness of green banking among customers and bank employees, associates and general public. To reduce CO2 emissions from electricity consumption and transportation, increase recycling (paper, toners, cartridges and batteries), increase the use of green products by bank branches. This concept of “Green Banking” will be mutually beneficial to the banks, industries and the economy. Not only “Green Banking” will ensure the greening of the industries but it will also facilitate in improving the asset quality of the banks in future.
21. Nur Mohammad Ali Chisty. (2013) said that even though, banking is never considered a polluting industry, the present scale of banking operations have considerably increased the carbon footprint of banks due to their substantial use of energy, high paper wastage, lack of green buildings, etc. Therefore, banks should espouse technology, process and products which result in significant reduction of their carbon footprint as well as develop a sustainable business. In a rapidly growing market economy which is subject to change at any moment and where globalization has intensified the competition, the industries and firms are vulnerable to stringent public policies, severe law suits or by consumer boycotts. Thus, the banks should play a pro-active role to incorporate the strategies from the policy guideline as a part of their lending principle which would compel industries to ensure environmental management, use of appropriate technologies and management systems.
22. Rambalak Yadav, Govind Swaroop Pathak. (2013) said that environmental protection has become a part of strategy in most organizations in the developed countries and started offering environment friendly or green products and services to the consumers. Learning from their western counterparts, the Indian organizations have also adopted environmental friendly practices within the organization. But the concept of environmental sustainability and green products and services is new to developing country like India. They environment eco-friendly practices to adopted under green banking approach by various banks in India. That various initiatives taken by Indian banks by adopting Phases of Green Marketing. Future research may be conducted to study the impact of green practices on consumer willingness to purchase green products of various organizations in the Indian context.
23. Ravi Meena. (2013) said that banking is never considered a polluting industry, the present scale of banking operations have considerably increased the carbon footprint of banks due to their massive use of energy, high paper wastage, lack of green buildings, etc. Therefore, banks should adopt technology, process and products which result in substantial reduction of their carbon footprint as well as develop a sustainable business. Effective green banking, the RBI and the Indian government should play a pro active role and formulate a green policy guidelines and financial incentives. The survival of the banking industry is inversely proportional to the level of global warming. Therefore, for sustainable banking, Indian bank should adopt green banking as a business model without any further delay.
24. Sabrin Sultana & Jakir Hasan Talukder.Md. (2013) analyzed that was undertaken to find out the obstacles faced by bankers involved in Green Banking which was supposed to help varied beneficiaries like bankers, environmental analysts, information seeking students etc. The specific objectives are to identify obstacles involved in Green Banking, to find out the variables regarding obstacles involved in Green Banking, to find out the factors of those obstacles and to develop a perceptual map of those obstacles which will help us to have an insight into the bankers’ perception about Green Banking. If we can identify the factor under which the variables fall, we will be able to predict the response of the variables, we can easily identify – which variables would respond how and the strategy necessary to investigate for implementing the Green Banking activities of the bank.
25. Shafiqul Islam.Md ; Prahallad Chandra Das. (2013) analyzed that green banking is a component of the global initiative by a group of stakeholders to put aside environment. Green banking or ethically responsible banks do not only advance their own initiatives but also affect socially responsible behavior of other business. Global warming is a great issue in protection of hygienic society. They analyze and justify the prospects than provide some suggestions in this regards of green banking practices in Bangladesh. Government as well as every bank should take initiatives in respect of green banking practices for protecting our environment. The central bank should monitor or supervise commercial banks whether they are practicing green banking or not. So, every bank has to participate and contribute to green banking practices in today’s extreme national and global banking competition.
26. Shah.P & Ahsan Habib.S.M. (2013) said that the broad objective of the conference paper is to evaluate the relevance and potentials of green banking practices for attaining energy sustainability in Dhaka city. The specific objectives of the paper are: one, to identify the green policy initiatives by Bangladesh Bank and examine the responses of the commercial banks; two, to examine the availability and the status of energy use in Dhaka city; and three, to examine the potential and relevance of green banking practices in attaining energy sustainability in Dhaka city. Practically, all stakeholders i.e. the government, Central Bank, consumer, business entities and banks are required to play pro-active roles for attaining sustainable energy in Dhaka city.
27. Tan Hui Boon, Patricia Ang Mei-Mei, Rebecca Chung Hee Kim & Pek Chuen Khee. (2013) analyzed that our starting point in this article is to examine how ethical and green banking are perceived and valued among key stakeholders. The contribute to previous knowledge on the conceptualization and potential of delivering ethical and green banking in Malaysia, both from the bankers’ and borrowers’ perspectives through explore the business potential of green and ethical banking in Malaysia. The determine the demand from corporate borrowers and individual heads of households for green and ethical banking and banking initiatives, and identify the factors that predict corporate borrowers’ and individuals’ willingness in taking up green loans. Banks must therefore embrace a holistic ethical and green framework in line with broader corporate responsibility, and move beyond compliance with laws and regulations.
28. Tasnim Uddin Chowdhury, Rajib Datta & Haradhan Kumar Mohajan. (2013) said that in this paper we have stressed in green agriculture, green buildings, green banking, green marketing and some other green projects. Government and non-government organizations should take steps to implement green finance in the society for the sustainability of the future generation. As the business is related to environment, so that finance in green projects become an essential part of the sustainability of organizations. In our research we emphasize the global green finance programmes at present and future. We have provided the usefulness of green buildings which save energy and keep healthy environment and reduce illness of the dwellers. We have emphasized to invest in renewable energy projects and other eco-friendly projects. We hope in near future green finance will be popular in all societies of the globe.
29. Tonmoy Toufic Choudhury, Salim.Md, Mamoon Al Bashir.Md & Prakash Saha. (2013) analyzed that this article is trying to present the position of environmental responsible banking practices in Bangladesh and how and which stakeholders (Internal & External) can significantly influence the process of development new green banking products. The findings may optimistically influence the banks in Bangladesh and other green stakeholders to be motivated for taking green banking approaches seriously. Every bank should note that the stakeholder’s influences will control each of their banking operations and activities in a near future. To get better efficiency in the new green banking development process, every bank must convey stakeholder’s influences in line with the bank’s profit oriented attitude.
30. Varalakshmi Alapati, Chowdari Prasad ; Srinivasa Rao.K.S. (2013) analyzed that technology was introduced in a progressive manner both at back-office and front office level in almost all the branches in rural, semi-urban, urban and metro centers. Gradually, ATMs, Internet Banking, Credit, Debit ; Smart Cards and other facilities were made effective at all the bank branches. These changes and developments have benefitted to all the customers. The impact of Lean Management in banking industry to create awareness on the new concept called Green Banking and its benefits to Society. Technological advancements have brought in both Lean and Green Banking in the banks in India over a period which is certainly healthier in smooth and efficient functioning of the banking sector as also leading to clean environment.
31. Vijay Pulicheri ; Sangepu Rajashekhar. (2013) said that banks in India have become compliant to the mechanization followed by computerization and well net-worked. These changes and developments have benefited to all the customers. Banks are investing / spending huge funds for technology as well as training its staff in order to meet the changed work environment and Core Banking became order of the day. Banks are adapting to Risk / Asset Liability Management aspects and also compliance to Basel norms by attaining global standards. The evolution of technologies towards creates awareness on the new concept called Green Banking and its benefits to the society to improve green banking services in India. Green banking services are going to be soon as the strategic developments of the sustainable growth of the banks, banking industry as well as economy.
32. Asma Jarin, Mohammad Rahat ; Mohammad Abul Kashem. (2014) considered that become socially responsible corporate citizens, banks set up their efforts in supplementing towards substantial reduction in carbon emission and mitigate the risk of climate change. The environmental consciousness, in this regard, arouses interest for converting conventional banking to eco banking. Functionally, the banking sector has a great influence on the economic growth and development in terms of both quality and quantity. The study embarking on the environmental issues focus the major strategies on green banking. These strategies give lights on low cost and differentiation both or in particular over banks’ traditional activities at the forefront in the competition. Eco- banking trends will contribute to better living conditions and creating green future for banks, customers and society. If every bank restructures their indoor, procedure and outdoor banking strategies thorough eco-banking operations, proper implementation of eco- banking successfully happen.
33. Bala Krishna.K & Srinivas.G. (2014) analyzed that Green banking provides services to all levels like industries, students, employees, etc. Green banking coverage includes: Sustainable banking, Ethical banking, Green mortgages, Green loans, Green Credit Cards, Online Shopping through Debit Cards & Credit Cards, Green Savings Accounts, Green Checking Accounts, Green Money Market Accounts, getting the bank statements through e-mail Mobile Banking, Online Banking, Remote Deposit, Waste Management, Roof Gardening, and Green Financing. The customer satisfaction level and services provided through Green Banking. The measures undertaken by banks to overcome the problems in assess the factors influence the society to choose Green Banking. Green banking is providing number of facilities like mobile banking, internet banking, paper less account statement which is directly sent to the customer mail id, which is very useful for the industries, government, banks etc. Banks has to create awareness programs to the public and customers about green banking.
34. Hamid Saremi, Omid Sharifi & Hadi Saeidi. (2014) said that sustainable development can best be achieved by allowing markets to work within an appropriate framework of cost efficient regulations and economic instruments. One of the major economic agents influencing overall industrial activity and economic growth is the financial institutions such as banking sector. The green banks are avoiding waste and giving priority to environment and society. Focusing on environment-friendly initiatives by providing innovative financial and ensure sustainable development. They utilized organizational resources with responsibility for keeping the world livable for the long period of time. Then minimize paper works as much as possible inside and outside the bank to achieve cost and time efficiency. Green banking saves costs, minimizes the risk, enhance banks reputations and contribute to the common good of environmental sustainability. So it serves both the commercial objective of the bank as well as its social responsibility.
35. Jasdeep Kaur. (2014) said that global warming is leading to major climate changes across the globe & making various places vulnerable to natural dis¬asters. The need of the hour is to combat the effects of global warming. Everyone can help protect the environment. Small changes made in everyday lives can add up and have a big positive environmental impact. Banks are also doing their bit in this regard through green banking. Green banking is associated advan¬tages through ways to promote in India. New initiatives like green products and new environment friendly policies are being adopted. But still there is a long way to go. Indian banks should adopt effective strategies for green banking by considering it as a necessity rather than desirabil¬ity. This endeavour will surely help them in creating long term value for their business.
36. Joko Tri Haryanto. (2014) said that green issues have long been a global issue that is becoming an international conversation. Development of environmental issues will also eventually affect other conditions, particularly the condition of the world economy that is closely related to the establishment of relations of countries in the world through trade system. The differences process of implementing the concept of Green Banking in between the two banks overview of the applications of the concept of green banking in the Netherlands (Triodos Bank) and Indonesia (BNI). Triodos Bank has a better understanding of the concept of green banking by having green products and green portfolio of sustainable development. The social sector, Indonesian banks to develop social housing through mortgage green by offering lower interest rates to lower or banking group may establish municipal bonds as a financing instrument for the counties and municipalities in Indonesia.
37. Kanak Tara, Saumya Singh & Ritesh Kumar. (2014) said that green marketing refers to the marketing of the products that are presumed to be environmentally safe. Green marketing can act as an important tool for accelerating and providing solid foundation to the green banking concept seeing the important role that the bank play in the society. Green banking includes several things like sustainable banking, ethical banking, green mortgage, green loans, green credit cards, green savings accounts, green checking accounts, green money markets accounts, mobile banking, online banking, etc. Our environment is the real wealth that the human being possesses. This requires an effort from every human being living on this beautiful planet to strive for a better and safer earth. The present days’ movement in the name of green concept for preserving the earth and its resources is slowly catching the momentum all around.
38. Komal Singhal, Krishna Singhal ; Monika Arya. (2014) said that banks play a critical role in the economic development of the nations by providing various Socio-Economic activities like Job creation, wealth generation, Poverty eradication, entrepreneurial activity etc. Besides these activities, banks are introducing the practices of green banking in order to protect the environment and to reduce carbon emission. They study that concept of Green Bank to about the ways in which banks can protect the environment and highlight Green Banking initiatives by various banks in India. Green banking helps in saving the energy and water consumption ; also appraises banks in the eyes of environment supporting customers. Long way to go; Indian banks need to set their near term and long term green goals, develop their green strategies and execute their greening activities in a phased manner.
39. Likhita.S. Anuradha ; Muthamma.K.S. (2014) said that Banks may not be the polluters by own, generally it is considered to be as a environmentally friendly in terms of emissions and pollutions, but they will probably have a banking relationship with some investment projects that they are pollutants or could be in future There is a obligation toward banks, to take a necessary initiation while lending money towards borrowers in order to go for Green. This method of finance is called GREEN BANKING. Green Banking’ products in Indian banking sector is moving forward from Monetary Economics to Ecological Economics. The company through green lending policies of banks in India understands the rationale of ‘Green Banking’ in Indian. The entire Government machinery and other regulatory body need to work in tandem to being about this shift in the market, and banks become a integral part of our economy, must lead from the front.
40. Manas Chakrabarti. (2014) said that Organizations are now more and more interested in establishing and implementing policies that will help them to address environmental issues and also chase new opportunities The present study has been taken with an overall view to make an empirical assessment on the role of private sector bank in India towards sustainable eco-friendly green banking discusses on the conceptual issues on green banking. They describe various tools used for Green Banking. Section five elaborates various environment friendly practices adopted under green banking approach by various private banks in India. Section six is devoted for concluding observations. Most of the banks are adopting and focusing only on those green activities which provides win-win situation for the bank i.e. on one hand help them to show the concern for the environment and on the other providing the bank improved operational efficiency through cost saving.
41. Mohammad Hassan Shakil, Kazi Golam Azam Md, Mashiyat Tasnia & Ziaul Haque Munim. (2014) said that using of online banking instead of branch banking, paying bills online instead of mailing them, opening up CDs and money market accounts at online banks instead of large multi-branch banks or finding the local bank in your area that is taking the biggest steps to support local green initiatives. The analysis of green banking practices among State-owned Commercial Banks (SCBs), Specialized Development Banks (SDBs), Private Commercial Banks (PCBs) and Foreign Commercial Banks (FCBs) in Bangladesh. The Green Banking initiatives in evaluate the Green Banking performance of banks in Bangladesh. Government should also encourage the general people about the green banking practices. The central bank should also monitor commercial banks through practicing green banking or not; thus green banking can play a significant role in implementing the broader concept of sustainable economic development.
42. Mohammad Hassan Shakil, Kazi Golam Azam. Md & Mohammad Sharif Hossain Raju. (2014) analyzed that ‘Green’ in some studies refers to define a broad range of social, ethical and environmental practices. Though, for the purpose of the study that tends to look into environmental aspect, “green” in the discussion primarily describe banks’ impacts on the environment, environmental responsibility as well as environmental performances in their activities. To attain the main objective, the study considers they examine the Green Banking initiatives and evaluate the Green Banking performance of banks in Bangladesh. Government should also encourage the general people about the green banking practices. The central bank should also monitor commercial banks whether they are practicing green banking or not. Thus green banking can play a significant role in implementing the broader concept of sustainable economic development.
43. Mohammed Syedul Islam. (2014) said that global warming is a commons that affects the global communities, therefore, calls for a global response. Changing climate affects directly on biodiversity, agriculture, forestry, dry land, water and human health that allows many eco-systems to suitably adapt. High temperature, frequent precipitation, extreme weather events and sea level rise have already made lives and livelihoods of millions of poor people vulnerable. They are overview of green banking in Bangladesh. The green banking practices of sample commercial banks and identify barriers to green banking for smooth functioning of those banks in Bangladesh. It can be inferred that all of the sample banks got touch with GB practices but no bank was found active in all areas of Green Banking. This study will carry an enormous value to academicians, bankers, policymakers and environmentalists etc. of developing countries, particularly of Bangladesh.
44. Moorthy. D., ; Pradeepa.V. (2014) analyzed that banking sector plays an active role in the economic development of a country. Their ability to make a positive contribution in igniting the process of growth depends to a great extent on the way the banking policies are pursued and the banking structure is evolved. They present the advantages of SBI Green Channel Counter and the factors that influence the customers’ satisfaction of SBI green channel counter to satisfy and retain the customers. State Bank of India encourages its customer to use ATM facility for all banking transactions such as deposit, withdrawal, fund transfer etc. Now-a-days all the customers started availing ATM card and green remit card facility to avoid long queue. If all the vacancies in SBI is filled, there will not be queue for green counter transactions.
45. Namita Rajput, Bharti, Saachi Bhutani, & Shelly Oberoi. (2014) examined that the phenomenon is mutually beneficial for the community, bank and the industry as a whole. It is also called as an ethical bank or a sustainable bank. Going green is indispensable for banks as the quality of assets and profitability, both depend upon the environmental and ecological aspects. Eco friendly banking products, better and innovative service channels, paperless banking, and customer education should be encouraged so that minimal damage is done to the environment and maximum benefit is gained. The research also points out the challenge of losing business to peers and lack of clear RBI policy as the major barriers to adoption of green banking. The paper also studies the major drivers internal and external that has lead to implementation of ethical banking.
46. Navneet Sharma, Tailor.R. K & Vijay Singh Rathore. (2014) examined that in the banking sector, “The Concept of Green” has been developed for the welfare of earth as well as benefits to the customers. With the view of customers, the green banking has been launched to increases the business with heavy customer satisfaction and environmental welfare. They Green banking emphasis on paper less work. It includes credit card, debit card, online payment, online statements and EDI transactions. In this paper we have tried to brief the concept of green banking and its impact in current scenario. Many “green” financial products and services, reviewed above, either remain in the stage of development/implementation or data related to their success/failure has not yet been generated or reported. Using green banking we can save lot of environmental things in financial activities.
47. Neetu Sharma, Richa Chaudhary & Harsh Purohit. (2014) said that green Banking is not only a CSR activity of an organization, but also it is about making the society habitable without any considerable damage. Whereas Public sector banks along with ICICI bank are taking various initiatives such as creating environmental awareness among society, giving more preference to environmentally friendly commercial projects, promoting the pollution control measures, promoting Environment Management System certification etc. along with the basic green initiatives such as paperless banking, energy efficient products recycling, Recently, Ms. Kochhar MD & CEO of ICICI Bank on 11th Nov 2014 said that ICICI Bank’s contribution to the Swachh Bharat Abhiyan would be a sustainable, on-going exercise that the Bank would drive for over a year.
48. Pratiksha C. Khedekar. (2014) said that green banking is making technology improvements, operational improvements and changing client habits in the banking sector. It means to promote environment friendly practices and to reduce the carbon foot print from baking operations. It is a smart and proactive way of thinking with a vision of future sustainability. the concept of Banking with Technology and highlight few issues, challenges and suggestion of E-Banking Green banking practices by some of the Indian banks. Indian Banks should expand the use of environmental information in their business operations, credit extension and investment decisions. The endeavor will help them to proactively improve their environmental performance and creating long term values for their business.
49. Rajesh.T., ; Dileep.A.S. (2014) analyzed that Green Banking is a way to sustainable economic growth by creating a buzz in the financial world. A strong banking sector provides for the creation of jobs, generation of wealth, and eradication of poverty, entrepreneurial activity, and overall prosperity of the country. Along with socio economic activities, banks are increasingly involved in environmental protection and activities to reduce carbon emissions by introducing green banking practices. The present study is conducted with the objective of assessing the role of banks in sustainable economic development through Green Banking activities. Green Banking is an umbrella term referring to practices and guidelines that make banks sustainable in economic, environment, and social dimensions.
50. Ritu. (2014) Green banking means promoting environmental friendly practices and reducing your carbon footprint from banking activities. It comes in many forms like; Using online banking instead of branch banking, Paying bills online instead of mailing them, Opening up accounts alt online banks, instead of multi branch banks. Some suggestions for the banks to encourage green banking are Communicate through press, Construct websites and spread the news, Impart education through E-learning programmers, Making green banking as part of annual environment reports, Training and development of relevant skills among bank employees, Banks may formulate innovative financial solutions to incorporate environmental perspective, Banks can introduce green funds for customers who would like to invest in environment friendly projects.
51. Ruchi. (2014) said that enterprises are now increasingly interested in establishing and implementing strategies that will help them to address environmental issues and also pursue new opportunities. The reasons for going green are manifold, and the key among them are: increasing energy consumption and energy prices, growing consumer interest in environmentally –friendly goods and services, higher expectations by the public on enterprises’ environmental responsibilities and emerging stricter regulatory and compliance requirements. The primary objective of taking up this study ways to promote advantages for analyzes various aspects of green banking in India. the banks going green in the technologies and services that they are providing, will not only save their energy and water consumption but will also appraise them in the of environment supporting customers. The Green approach adopted by the banks will impact the customers in positive way.
52. Sakib B. Amin. (2014) examined that the emission of the greenhouse gases like carbon dioxide is considered to be the major contributor to global warming. Therefore, in today’s world of rapid economic development, it is important to see the link between carbon dioxide emissions and sustainable development through different possible channels. The banking sector can play intermediate role between economic development and environment protection by promoting environmentally sustainable and social responsible investment. Western European countries are among the forerunners to take initiatives to improve the sustainability agenda. Bangladesh has experienced some positive developments in sustainable green banking.
53. Saleena T. A. (2014) said that Green banking refers to the banking business conducted in such areas and in such a manner that helps the overall reduction of external carbon emission and internal carbon footprint. To aid the reduction of external carbon emission, banks should finance green technology and pollution reducing projects. The various strategies for making Bank with Green and different levels of Green banking initiatives to taken for making Environmental Sustainability. The compare for green banking initiatives taken by SBI and ICICI Bank then find out the opportunities and challenges faced by Green bank in India. As far as green banking in concerned, India’s banks are running behind time and it is the need of the hour to think it seriously for the sustainable growth of the nation.
54. Sharif Hossain.Md. & Tanvir Ahmed Kalince.Md. (2014) considered that they have to ensure economic development through environmental protection by promoting environmentally sustainable and socially responsible investments. This practice of banks can be termed as “green banking”. Green banking considers all social and environmental factors. They provide finance in many projects including which ensures the economic growth of the country. The green banking concept has been evolved in western world. It has been practicing all over the world. But it is a recent issue in our country. Today banks have turned their attention to eco-friendly activities. Green banking will ensure the efficient use of resources of the country which will ensure energy conscious world. Banks must consider green banking as a necessity rather than desirability. They can make themselves bank of third generation through conducting green banking activities. Banks should conduct green banking activities more to increase their profitability.
55. Shikha Agrawal. (2014) said that Green Banking is comparatively a new development in the financial world. It is a form of banking taking into account the social and environmental impacts and its main motive is to protect and preserve environment. They understand the environmental development concept and RBI guidelines with reference to green banking. Practice of Top five Indian banks with reference to green banking concept. The banks should go green and play a pro-active role to take environmental and ecological aspects as part of their lending principle, which would force industries to go for mandated investment for environmental management, use of appropriate technologies and management systems.
56. Shilpika Laxman. (2014) considered that now society demands that business takes responsibility in safeguarding the environment & society. It is desirable to minimize the impact on the environment by reducing & optimizing resources consumption & quantity of waste produced in the banks & by internal education of employees in this regard. The concept of ‘Green Bank’ through associated advantages of initiatives in potential ways of promoting & adopts products in Green Banking in India. With increasing concern about global warming and conserving environment, new initiatives like green products and new environment friendly policies are being adopted. Learning from their western counterparts the banks in India are also adopting various environmental practices and initiatives in their day to day business operations for the environmental concern and playing an important role in maintaining the ecological balance.
57. Shobharani.H & Venkatesha B.M. (2014) said that green banking as a term covers several different areas, but in general refers to how environmentally friendly your bank is, and how committed to green policies these institutions. They are controlled by the same authorities but with an additional agenda toward taking care of the Earth’s environment/habitats/resources. Green banking involves the tenets of sustainability, ethical lending, conservation and energy efficiency. Banks believe that every small ‘GREEN’ step taken today would go a long way in building a greener future and that each one of them can work towards to better global environment. Socially Responsible Corporate Citizens (SRCC), banks have a major role and responsibility in enhancement of governmental efforts towards substantial reduction in carbon emission.
58. Sudhalakshmi.K ; Chinnadorai .K. M. (2014) analyzed that as environmental issues gain greater attention, pressure is being placed on all industries, including financial institutions to implement Green Initiatives. The reasons for going green are manifold, and the key among them are: increasing energy consumption and energy prices, growing consumer interest in environmentally-friendly goods and services, higher expectations by the public on Banks environmental responsibilities and emerging stricter regulatory and compliance requirements. The awareness analyzes the level of satisfaction of the customer towards to private sector banks and study that various problems faced by the customers in Coimbatore city about that green banking with Go Green mantra permitting, the banking sector too has adopted sustainable practices in all spheres of life. Green Banking is a Multi-stakeholders’ Endeavour where banks have to work closely with government, NGOs, IFIs/IGOs, Central Bank, consumers and business communities to reach the goal.
59. Sudhalakshmi.K & Chinnadorai.K.M. (2014) said that Green banking means promoting environment friendly practices and reducing carbon footprint from banking activities. This comes in many forms viz. using online banking instead of branch banking, paying bills online instead of mailing them, opening of commercial deposits and money market accounts in online banks etc. The purpose is to provide cost efficient automated channels and to build awareness and consciousness of environment, nation and society. Green banking is really a good way for people to get more awareness about global warming; each businessman will contribute a lot to the environment and make this earth a better place to live. As far as green banking in concerned, India’s banks are running behind time and it is the need of the hour to think it seriously for the sustainable growth of the nation.
60. Tamanna Islam, Kashfia Sharmeen ;Sadia Rahman. (2014) said that sustainable development is a paradigm of the development of natural environment for economic prosperity. The financial institutions such as banking sector can influence industrial activity to attend cost efficient regulations and economic growth. This paper highlights the initiatives taken by some private commercial banks of Bangladesh in the adoption of Green Banking practices and to enlist the significant strategies for adoption of Green Banking. Again PCBs are adopting Green Banking for the fund provided by IFC, FMO-DEG, GCPF and for generating revenue through cost minimization as well. Therefore, we can conclude that with PCBs if all other banks in Bangladesh consider every small ‘GREEN’ step taken today would go a long way in building a greener future and that each one of them can work towards to better global environment.
61. Urvashi Sahitya ; VaibhavLalwani. (2014) established that Sustainable development, as interpreted generally, implies achieving economic development in such a way that it can continue and is not a onetime phenomenon. The banks are attempting to be environmentally as well as socially conscious and thus, giving emphasis to the ethical aspects of doing business. The current study has revealed that the banking sector has become extremely conscious of the need to go green. The Private Banks are as much involved in the green banking approach as the Public Sector Banks. All the banks are making efforts to make banking paperless. The adoption of Green Banking not only enhances the image of the bank, but also protects the environment and makes the overall growth sustainable.
62. Vikas Nath, Nitin Nayak ; Ankit Goel. (2014) said that the world is very much concerned about the environmental issues in the global economy. It has made a significant impact on biodiversity, forestry, agriculture, water resources, dry land and human health. Number of banks had promised about investing in green businesses and dropping their greenhouse emissions, but growing business in the banking sector meant more employees working in the well lit offices around the clock on more computers, demanding more electricity, which was often created by burning carbon dioxide and more air travel which were the key sources of global warming. Green banks are at start up mode in India. They should expand the use of environmental information in their business operations, credit extension and investment decisions. The endeavor will help them proactively improve their environmental performance and creating long term values for their business.
63. Chethana Rajendra.H ; Nataraja.T.C. (2015) said that green is spiritually rejuvenating. It is our commitment to live a lush and abundant economically empowered debt-free and credit-worthy lifestyle. Banks can provide important leadership for the required economic transformation that will provide new opportunities for financing and investment policies as well as portfolio management for the creation of a strong and successful low carbon economy. For banking professionals green banking involves the tenets of sustainability, ethical lending, conservation and energy efficiency. Green banking is like a normal bank, which considers all the social and environmental/ecological factors with an aim to protect and conserve the natural resources of the environment. As Socially Responsible Corporate Citizens (SRCC), banks have a major role and responsibility in enhancement of governmental efforts towards substantial reduction in carbon emission.
64. Deepti Narang. (2015) said that banking sector is one of the major sources of financing investment for commercial projects which is one of the most important economic activities for economic growth. Therefore, banking sector plays a crucial role in promoting sustainable development and green economy. Green banking refers to the banking business conducted in such areas and in such a manner that helps the overall reduction of external carbon emission and internal carbon footprint. The main motive of Green Banking is to protect and preserve Green banking can be an avenue to reduce pollution and save the environment. In a rapidly changing market economy where globalization of markets has intensified the competition, banks should play a pro-active role to take environmental and ecological aspects as part of their lending principle which would force industries to go for mandated investment for environmental management, use of appropriate technologies and management systems.
65. Dipika. (2015) observed that green banking is a new phenomenon in the financial world. Banks as the financing agent of the economic and developmental activities have an important role in promoting overall sustainable development. The understand how to green banking strategies are developed by Indian banks. The challenges and necessary steps required for proper implementation of green banking in India. Green Banking has been boosting to improve the environment and promoting economic growth. Until a few years ago, most traditional banks did not practice green banking or actively seek investment opportunities in environmentally-friendly sectors or businesses. Indian banks are far behind their counterparts from developed countries. Green banking if implemented sincerely will act as an effective ex ante deterrent for the polluting industries that give a pass by to the other institutional regulatory mechanisms.
66. Gobinda Deka. (2015) examined that sustainable banking means using all of the banks resources with responsibility and care, avoiding waste and giving priority to choices that take sustainability into account. This paper is an attempt to highlight the eco-friendly banking practices undertaken by the SBI in India. The study also aims to investigate the awareness and adoption level of these practices in the state of Assam. Than investigate the customers’ awareness about green banking practices and their adoption level in Assam. Green banking practices are also beneficial to the banks because they cause less postage cost and also reduce the workload of the bank personnel. The common people are yet to come forward to adhere these practice due to lack of awareness. Therefore, banks must literate their customers about the using procedures of green banking practices and adopt all strategies to save earth.
67. Gulshan Miyagamwala. (2015) said that banking sector plays a crucial and decisive role in promoting environmentally sustainable and socially responsible investments as it increases the value and lowers loss ratio as higher quality loan portfolio results in higher earnings. The reasons for going green are manifold, and the key among them are: increasing energy consumption and energy prices, growing consumer interest in environmentally-friendly goods and services, higher expectations by the public on Bank’s environmental responsibilities and emerging stricter regulatory and compliance requirements. The steps necessary to adopted and create awareness of green banking among consumers and bank employees. New initiatives like green products and new environment friendly policies are being adopted. But still there is a long way to go. Indian banks should adopt effective strategies for green banking by considering it as a necessity rather than desirability.
68. Guru Prasad Rao.Y (2015) considered that banking sector is generally considered as environmental friendly in terms of emissions and pollutions. Internal environmental impact of the banking sector such as use of energy, paper and water are relatively low and clean. Environmental impact of banks is not physically related to their banking activities but with the customer’s activities. The very important customer’s awareness and initiatives the customer would like to take in terms of green banking. the banks should play a pro-active role to take environmental and ecological aspects as part of their lending principle which would force industries to go for mandated investment for environmental management, use of appropriate technologies and management systems. Green banking is really a good way for people to get more awareness about global warming; each businessman will contribute a lot to the environment and make this earth a better place to live.
69. Jeena Gupta. (2015) investigated that green banking comes in many forms. It means promoting environment friendly practices for sustainable growth and reduces the carbon footprint from the banking industry. Using on line banking instead of branch banking, paying bills online instead of mailing them, opening online bank account. Those banks are taking new initiatives and promote different green banking products. Bank should also adopt environment friendly practices which ensure the efficient use of resources. Banking employee should consider the green banking initiatives as primary work. Banking sector is the backbone of the country.
70. Kanak Tara, Saumya Singh ; Ritesh Kumar. (2015) said that banks can play a crucial role in maintaining sustainability by becoming a promoter of sustainability. And this theme has worked as a drive towards ‘Green Banking’ concept. Mainly aims at understanding the green banking philosophy adoption by the banks. The paper attempts to review various guidelines for environmental conservation and sustainability along with the initiatives taken by the State Bank of India and the ICICI Bank. Green banking as a concept is a proactive and smart way of thinking towards future sustainability. Adoption of green approach is more than just becoming environment-friendly as it is associated with lots of benefits like reduction in the risk as well as the cost of the bank, enhancement of banks reputations and contribution to the common good of environmental besides enhancing the reputation of the bank.
71. Kishore Kumar.P ; Byram Anand. (2015) analyzed that a banking process which benefits the environment can be referred as green banking. The popular green banking practices are online banking, automated teller machines ATMs, green credit cards, telephonic banking, automatic payments and use of power from renewable energy sources. They understand the existing and impact of various factors on adoption intention with regard to green banking. The modern consumers are highly innovative and they are more interested to adopt green practices. The customers who are innovative are likely to adopt green banking initiatives like paper transactions, online banking and mobile banking. The consumers who are having good knowledge about the green practices of public sector banking are having intention to adopt green banking initiatives to protect the environment. The financial inclusions have made banking services available to all the segments of the society in India.
72. Manisha ; Richa Shelly. (2015) said that bank’s incentives like offering cheaper funds for adopting green technologies will have a long term beneficial impact on the environment. Banks are the major implementers of technology and they themselves can adopt green practices. Green Banking is a new development in the financial world. Currently, in India, the concept of green banking is catching up and banks are actively looking for ways to portray themselves as a Green Bank. In the green products and services offered under green banking through highlight the green banking initiatives taken by Indian banks. Green Banking is a multi-stakeholders’ endeavor where banks have to work closely with government, regulator, consumers, NGOs, and business communities to reach the goal. In India, banks have started adopting the green practices but still a lot of channels are unutilized by Indian banks for greening their practices.
73. Mukitul Hoque. Md, Rosni Bakar ; Al Amin Talukder. (2015) analyzed that green banking is the operation of the financial sector with special focus on the environmental, ecological and social factors, targeting conservation of nature and natural resources. The term broadly encompasses awareness creation and promotion of environment friendly projects and practices, and reduction of the overall carbon footprint from both its financing and in-house operations. They identify the barriers of green banking for adopting it in those banks in Bangladesh. The time demands a little focus on the initiatives such as making awareness among society, and helping smaller firms to change their process so they can be more environmentally friendly in nature and that will also widespread the concept of environmental sustainability. Future research may be conducted to study the impact of green practices on consumer willingness to purchase green products of various organizations in Bangladesh.
74. Murphin T Francis ; Deepa Antony. (2015) said that green is now a symbol of Eco consciousness in the world. All over the world, banks and financial institutions are concerned about the overall impact of depletion of environment. Banks and financial institutions can play a major and decisive role in these global efforts to make our planet a better place to live in. They perform banking activities by caring of earth’s ecology, environment, and natural resources including biodiversity. In the analyses of green initiatives and five scheduled commercial banks to know green banking in India. Green banking is a proactive way of future sustainability, but banks in India are running behind their counterparts from developed economies. But a good thing is that there is now greater awareness and a growing commitment to address environmental problems. Inaction to hold environmental degradation would significantly affect future generations and further progress.
75. Neyati Ahuja. (2015) examined that green movement for protection of environment has brought about a change in the way business is managed. There is a move towards green economy where each and everyone are it customer, employees, employer or general public are concerned about the environment. Now each action is required to be environmentally responsible. The study of green philosophy in banking is concept, needs, avenues, reviews and Case study on green initiative of SBI. There is an increase in awareness regarding protecting and conserving the environment. Green Banking not only means sustainable use of resources but also adopting green lending principles. The review of literature conducted reveals that what is missing in context of implementation of Green Banking is the level of consumer awareness and education.
76. Omid Sharifi & Bentolhoda Karbalaei Hossein. (2015) said that banks can utilize green banking as an opportunity to gain advantage in the market by creating a difference in their strategy making process. Moreover banks need to be more active in communicating the green banking concept and its associated benefits to the consumers. It is thus a win-win approach by the banks as it not only benefits the environment but also the banks and its customers as a whole. They identify the various initiatives taken and environment sustainability by public sector banks in India then conduct SWOC analysis of green banking practices of the public sector banks in India. Bank should change their daily routine work through the paper less banking, online banking, mobile banking, mass-transportation system etc. Customers are not required to fill slip in the bank for the withdrawal of money rather they could use ATM facility.
77. Packialakshmi.S., & Ramesh.D. (2015) examined that the progressive approach to the community and the Earth sets it apart from other banks. State Bank of India (SBI), India’s largest commercial bank, took the lead in setting high sustainability standards and completed the first step in its ‘Green Banking’ initiative with Shri.O.P.Bhatt, Chairman, SBI, inaugurating the bank’s first wind farm project in Coimbatore. Recent Green Bank initiatives include a push for solar powered ATMs, paperless banking for customers, clean energy projects and the building of windmills in rural India. India’s growth account and obligation to cut its carbon intensity by 20-25 percent from 2005 levels by 2020 provides tremendous opportunities for Indian banks from funding sustainable projects to offering innovative products and services in the areas of green banking. Initially, these commitments to environmental and social guidelines will cause a huge financial burden for Indian banks.
78. Ragupathi.M., ; Sujatha.S. (2015) said that green banking can benefit the environment either by reducing the carbon footprint of consumers or banks. Either a bank or a consumer can conserve paper and benefit the environment. Ideally, a green banking initiative will involve both. Online banking is an example of this. When a bank’s customer goes online, the environmental benefits work both ways. Green banking means combining operational improvements and technology, and changing client habits. Banks are responsible corporate citizens. Banks believe that every small ‘Green’ step taken today would go a long way in building a greener future and that each one of them can work towards to better global environment. Green Banking will ensure the greening of the industries but it will also facilitate in improving the asset quality of the banks in future.
79. Ramila.M., & Gurusamy.S. (2015) examined that compact climate change impact, resultant from global warming phenomenon, most of the energy-intensive industries, especially in power, manufacturing, transport and infrastructure sectors are gradually switching over to industrial and economic development with low carbon intensity options. To reduce the carbon footprint, the banking industries is playing an important role in economy. In this aspect they introduced the concept called green banking than examine the impact of Green banking Initiatives on the level of Carbon foot print. Information technology initiatives such as ECS and NEFT/ EFT also reduce the level of carbon footprint but it is not that much effective when compare with card based transactions as Electronic Clearing Services and NEFT/EFT are the practices adopted by the bankers. Card usage transactions is customer oriented which is working more effectively in implementing green banking initiatives.
80. Ramila.M & Gurusamy.S. (2015) analyzed that green banking has two dimensions. First the way the banking business is being done – is it paperless or not and in second dimensions of green banking relates to where the bank puts its money. Green banking is initiatives such as NEFT, RTGS, ECS, ATM, POS, Internet banking and Mobile banking etc. The impact of green banking products such as RTGS, NEFT, ECS, Mobile banking, ATM and POS terminal transactions on the profitability of Public Sector Banks. The green banking initiatives adopted by the public sector banks especially related to paperless banking is creating a major impact on their profitability.
81. Richa Shelly. (2015) said that bank’s incentives like offering cheaper funds for adopting green technologies will have a long term beneficial impact on the environment. Banks are the major implementers of technology and they themselves can adopt green practices. The study to concept of green banking had steps to adopt under the green products and services offered than is a main highlight is green banking initiatives taken by Indian banks. In India, banks have started adopting the green practices but still a lot of channels are unutilized by Indian banks for greening their practices. Indian banks are far behind the banks of developed countries in adopting the concept of green banking. The need of the hour that Indian banks should adopt green banking practices for the sustainable growth of the nation.
82. Ruchi Trehan. (2015) said that Green banking encompasses everything from a loan to purchase an energy efficient car, cash to help save energy in the home, and loans for businesses who want to go green. As green initiatives sweep across the globe, more and more financial institutions are taking note and taking action. Green banking will not only ensure the greening of industry but it will also facilitate in improving the asset quality of banks in future. Green banking if implemented sincerely will act as an active ex ante deterrent for the polluting industry that gives a pass by to the other institutional regulatory mechanism. There has not been much initiative in this regard by the banks and other financial institutions in India, though they play an effective role in India emerging economy.
83. Sanjay Ratnaparkhe ; Ratnaparkhe Gajanan. (2015) examined that everyone can help protect the environment. Banks are also doing their bit in this regard through green banking. Green Banking is a new phenomenon in the financial world. It encompasses the type of banking which takes into account the social and environmental impacts with the intention of protecting and preserving the environment. They know about suggest ways to promote and associated advantages of green banking in India. New initiatives like green products and new environment friendly policies are being adopted. But still there is a long way to go. Indian banks should adopt effective strategies for green banking by considering it as a necessity rather than desirability. They are Promoting different forms of electronic banking, creating customer’s awareness through the media, Carbon footprint reduction by offering transportation services for their employees, providing environment friendly rewards to customers and Focus on greening IT infrastructure.
84. Sanjoy Pal & Aminul Haque Russel. (2015) believed that green banking is the practice of eco-supportive products innovation as well as the breeding of consciousness to human mind as part of economic spillover to a nation. Financial participants in a country like Bangladesh are comprised of banks and non banking financial institutions. A society is not only made of environment but also included the economy. Highlighting the way of green banking operated is various models, procedures, concepts, Current trend, analyze the green performances of scheduled banks in green banking. The industry are moving keeping hand to hand with banks, the flow of the financing to the working capital investment and project investment will affect positively for eco-supportive product innovation, and by this way the green house gas emission, as well as the air, water, sound pollution will be decreased in a higher range within a shortest possible of time.
85. Sanjoy Pal. (2016) concluded that the uses are being advanced in different strata of lifestyles. Bangladesh Bank is working on inclusive finance targeting to add all publics into the banking system and using technology can be included in deposit based green banking. Creation and implementation of automated green banking products can teach the public how a person can be a part of green banking. They initiation of smart green banking with automation role in deposit payment mechanism then highlight the involvement of student group into the financial inclusion program. Justify the students’ habit in using green banking technology at higher study level for the sustainable economic growth. The touch of technological development has not yet happened in the remote area. The rural people are generally not having the competencies to get a loan either for business or the green investment.
86. Shariful Islam .Md. ; Mahmud Hasan. Md. (2015) said that green banking or ethically responsible banks do not only advance their own initiatives but also affect socially responsible behavior of other business. Green Banking Product Coverage includes: Green mortgages, Green loans, Green credit cards, Green savings accounts, Green checking accounts, Green CDs, Green money market accounts, Mobile Banking, Online banking, Remote deposit (RDC) etc. They enhancing brand image through receiving green banking tactics and new idea to people through green banking like paper less banking. Green Banking now is not only limited to awareness but also in practice. It is now expected from all scheduled banks that they would not only allocate budget but also ensure the efficient utilization of budget allocation. This green banking can assume a huge part in executing the more extensive idea like sustainable financial advancement.
87. Shruti Garg. (2015) examined that as socially responsible corporate citizens (SRCC), Indian banks have a major role and responsibility in supplementing government efforts towards substantial reduction in carbon emission. Although banks are considered environment friendly and do not impact the environment greatly through their own internal operations, the external impact on the environment through their customers activities is substantial. Banks believe that every small GREEN step taken today would go a long way in building a greener future and that each one of them can work towards to better global environment. ‘Go Green’ is an organization wide initiative to lead banks, their processes and their customers to cost efficient automated channels. Green banking is really a good way for people to be more aware about global warming and will contribute a lot to the environment and make this earth a better place to live for future generations.
88. Suresh Chandra Bihari ; Bhavna Pandey. (2015) analyzed that banking industry influences economic growth and development, both in terms of quality and quantity, leading to a change in the nature of economic growth. Therefore, banking sector plays a crucial role in promoting environmentally sustainable and socially responsible investment. Banks may not be the polluters themselves but they usually have a banking relationship with some companies/investment projects that are polluters or could be in future. the identify the steps necessary to adopt green banking and check the awareness of green banking among bank employees, associates and general public to create awareness about green banking among the general public and consumers and bank employees. Indian banks need to set their near term and long term green goals, develop their green strategies and execute their greening activities in a phased manner.
89. Tripti Chopra ; Punit Kakrecha.C.A. (2015) analyzed that companies and organizations have taken so many steps to remain competent with the changing environment. This change has also brought some side effects which are causing damage to environment. Bank is also one of those organizations which are causing damage to the environment. Green banking is a combination of technology and operational improvements. The green banking feasibility and practices adopted by banks in India. If they perception of customers in Indore regarding green banking. Green banking practices involves minimum use of paper and designing services in such a way that it would lead to save time as well as resources. By introducing ATMs, mobile banking, internet banking, tele-banking, green channels, deposit from ATM, e gallery etc .banks are doing their part to enhance green practices.
90. Vasil Vafeeque ; Haris Unnipulan. (2015) examined that a green economy can be through of as an alternative vision for growth and development one that can generate growth and improvements in people’s lives in ways consistent with sustainable development. Green banking is absolutely a good initiative to make people more aware about environmental issues and economic activities will contribute a lot to the environment and make our environment more safe and secure. Focus on examining green banking structure and activities in India and its role in sustainable growth and also on various steps taken by RBI to green banking. For maintain sustainable environment banks should diversify their banking operation and should adopt environmental friendly operations. Certainly the endeavor like green banking would help them to improve environmental condition and create long term value for their business.
91. Vijai.C & Natarajan.C. (2015) said that Green banking is a way to sustainable economic growth. Banks play a critical role in economic development and they are well-equipped to undertake green banking activities. Adoption of green banking practices will not only be useful for environment, but also benefit in greater operational efficiencies, a lower vulnerability to manual errors and fraud, and cost reductions in banking activities. The level of awareness through customers towards the measures of improve the scope of review that green banking products of the select commercial banks in Cuddalore district. Green banking offers more than just monetary benefits to the banks, the intangible benefits include reputation, increased customer base, positive effects on the environment, and simplicity of bank processes. Green banking requires a paradigmatic change in thinking about economics, business and finance.
92. Yadwinder Singh. (2015) said that sustainable development and preservation of environment are now recognized globally as overriding imperatives to protect our planet from the ravages inflicted on it by mankind. Various global initiatives are underway to counter the ill effects of development that living beings encounter today, such as global warming and climate change. They levels of Green banking initiatives taken across the globe than various strategies implementation to adopting Green banking Approach. Green banks are at start-up mode in India. Even though they have started adopting green practices, but still a lot of channels are unutilized by the Indian banks for greening their activities. Moreover they could adopt the green practices only in selected branches.
93. Ali Arshad Chowdhury.Md & Mouri Dey. (2016) said that among that an increasing number of global banks around the world are going green by launching environmental friendly initiatives and providing innovative green products. US congressman Chris Van introduced a “Green Bank Act” in 2009 with the aim of establishing a green bank under the ownership of the US government in order to offer financial support to effort to increase efficient energy usage, reduce carbon emissions and environmental pollution resulting from energy creation. It consist specific areas of green banking initiatives taken by Bangladesh Bank then performance of different types of commercial banks. Further research can be carried out to establish the size of the company which absorbs the environmental fund allocated by different types of banks and also to establish the additional financing costs and operational costs of the projects.
94. Archana Srivastava. (2016) examined that look at green banking is an umbrella term referring to practices and guidelines that make banks sustainable in economic, environment, and social dimensions. Green banking internal operations include on line account opening, online banking, mobile banking, SMS banking, net banking, EFT as well as the use of ATM, cash and cheque deposit machines, credit and debit cards, e-statement SMS alert, image statement etc. Banks are responsible corporate citizens. Banks believe that every small „GREEN? step taken today would go a long way in building a greener future and that each one of them can work towards to better global environment. Still a lot of channels are unutilized by the Indian banks for greening their activities. Moreover they could adopt the green practices only in selected branches due to many existing challenges.
95. Ashitha Amin. (2016) said that many cultures; “Green” is an affirmation of life. It indicates growth, fruitfulness and spiritual rejuvenation. Being Green is growth. It is becoming more efficient in the operation of personal and business life by eliminating wasteful spending. Green banking helps to create effective and far reaching market based solutions to address a range of environmental problems, including climate change, deforestation, air quality issues and biodiversity loss, while at the same time identifying and securing opportunities that benefit customers. They analyze of the developments and challenges in Indian and global scenario to understand the concept of green banking. This concept of “Green Banking” will be mutually beneficial to the banks, industries and the economy. Not only “Green Banking” will ensure the greening of the industries but it will also facilitate in improving the asset quality of the banks in future.
96. Barhate. G.H & Mohasin A.Tamboli. (2016) suggested that there is a wave of change with all business activities to not only focus on profit but also on people and planet. Now each action is required to be environmentally responsible. Enterprises are now interested in implementing strategies that help to address environmental issues. The growing interest of consumer in environmentally friendly goods and services, higher expectations by public, regulatory compliance requirements are some of the reasons to go for green banking. The Methods for adopting Green Banking then enlist Green Banking Opportunities and challenges. There is a need to create awareness about green banking to make our environment human friendly. Government should play major role and formulate green policy guidelines and financial incentive for going green. Proper training and educational programs by banks for the green initiatives will actually make Green Banking successful.
97. Bibhu Prasad Sahoo & Amandeep Singh. (2016) said that bank is a financial institution that deals with masses and banks by adopting green activities can influence the attitude of the customers towards the environment. Various banks in India have formulated strategies and initiated green banking practices to support environment-friendly banking and reduce the carbon footprints of bank and customers. If their analysis of relationship between level of age groups and education adoption of green banking product. To finds that there is more of need to create awareness about green banking products adoption among the middle and senior age groups individuals than young age people. The present study finds no significant difference in usage of green banking products across various level of education.
98. Bibhu Prasad Sahoo, Amandeep Singh, & Neeraj Jain. (2016) examined that concept of sustainable development that is taking care of the need of present generation without compromising the needs of future generation to green marketing and then green banking. The issues of global warming should not be only restricted to a debate but has to be dealt with going green. It enables the decisions makers to determine which group needs to be more focused and targeted because green banking not only provides convenient to the customer but also help the banks to reduce their cost. It is a common perception that it is more customary among youth, whereas less popular among aged people. The present study finds that there is more of need to create awareness about green banking products adoption among the middle and senior age groups individuals than young age people.
99. Diksha Sahni & Vinita Arora. (2016) analyzed that one of the major sources of financing investment for commercial project is banking Sector, Which plays a most vital role for economic growth therefore banking sector considered as environmentally responsible & socially responsible investment. In a rising economy like India environmental Management is the Key focus area of Business organization & especially the banking Industry plays a major Role of Intermediary. The banks should change their routine functions through the adoption of paperless banking, online banking, mobile banking, Green loans, Green Checking Accounts ,Green cards made up of recycled plastic and efficient utilization of resources. Overall Green banking is really a best method for people to get more awareness about Environmental protection, each bank will contribute a lot to the environment and make this earth a better place to live.
100. Girish.S. (2016) observed that green banks should also have lower fees and give rate reductions on loans going towards energy-efficient projects. This is banking beyond pure profit. Another important aspect of green banking is the involvement and outreach from the individual banks to their local community. The responses of selected customers, employees and managers to the green banking system and identify the problems faced by the customers and bank employees while using green banking to presently more number of banks is promised for ethical and environmental practices, so as to reduce the greenhouse emission, but the diversifying and growing business practices of banking sector, demanding more employees working in the well-equipped offices around the clock on more computers, increased demand for electricity which was often created the burning of carbon dioxide in the environment.
102. Indira.C.M. (2016) said that green banking is taking advantage of new technology, tools and trends that improve personal and business life at a fraction of the cost of traditional methods. As banking sector is one of the major source of financing to the industries the banking operations and investment by financial institutions should take care of environmental management of these polluting industries by improving the overall environment, the quality and conservation of life, level of efficiency in using materials and energy ,quality of products and services. The green philosophy in banking and identify the various initiatives taken by the selected banks in India. Green Banking will be mutually beneficial to the banks, industries and economy .Not only green banking will ensure the greening of the industries but it will also facilitate in improving the asset quality of the banks in future.
103. Jayabal.G & Soundarya.M. (2016) examined that consider that banking operations can be carried out through various banking delivery channels away from the bank branches. ATM is the most popular banking delivery channel and the extraordinary success of ATMs had made the banking sector courageous to develop more innovative alternative delivery channels such as Internet banking, mobile banking, Green channel counters, kiosk banking, credit card, debit card, online bill payment services etc. The importance and identify the steps necessary to adopt green banking then initiative taken by banks for sustainable development to face challenges and benefits of green banking. Green banking can be an avenue to reduce pollution and save the environment aiding sustainable economic growth. The survival of the banking industry is inversely proportional to the level of global warming. For sustainable banking Indian bank should adopt green banking as a business model without any additional postponement.
104. Kavitha.N.V & Usha Rani. (2016) analyzed a common thread running across all these initiatives is the focus on reducing the demand for fossil fuels by implementing the 3R’s viz. Reduce, Reuse and Recycle. The banking sector can play an intermediary role between economic development and environmental protection, for promoting environmentally sustainable and socially responsible investment, banking of this kind can be termed as green banking. Then understand and examine green banking processes/procedures and elicit the role of green banking in sustainable development of the economy. Overall Green banking is really a good way for people to get more awareness about global warming; each businessman will contribute a lot to the environment and make this earth a better place to live. Green Banking” will ensure the greening of the industries but it will also facilitate in improving the asset quality of the banks in future.
105. Kiran Mehta & Renuka Sharma. (2016) suggested that sustainable banking as per the United Nations Environment Programme Finance Initiative (UNEP-FI, 2007) is defined as “the process by which the banks consider the impact of their various operational activities and their products and services for meeting the needs of the current as well as the future generations”. It has also made an attempt to study the overall understanding of the customers regarding Green Banking initiatives and practices followed by their banks. The present study has given useful insights for all stakeholders indicating poor level of understanding the concept of Green Banking among customers. Both Banks and Government of Nepal should take initiatives to bring awareness among customers regarding Green Banking.
106. Mahesh. A.C, Nirosha. M, & Pavithra.V. (2016). examined the rapid change in climate will probably be too great to allow many eco systems. The avoid falling into similar trap, the impulse of “going green” is running faster than blood in Indian Incorporations veins. From IT giants to luxurious hotels, from Automobiles to Aviations, from Mutual Funds to Banks corporate India is moving fanatically ahead with green initiatives. Identify the steps necessary to adopt Green Banking than create awareness of among bank employees, associates bank customers. Ethical banking avoids as much as paper work, you get go green credit cards, go green mortgages and also all the transactions done through online Banking. 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.
107. Mahfuzur Rahman.S.M., & Suborna Barua. (2016) Investigated that Green banking requires that financial and business policies are not hazardous to environment and that the banks help to protect environment green banking policy implementation by the banking sector of the country after whole three years of target timeline and identify areas where Bangladesh Bank can now focus on for improvement in its efforts than green banking policies of Bangladesh Bank are implemented in practice and thus incorporate into Strategy by the scheduled banks of the countries to identify areas of further intervention for better implementation of the policies Benefits in terms of environmental sustainability in the long certainly will best protect the society, community, economy and the country as a whole. For his suitable existence of the future earth, a sacrifice today is needed, and this has to be properly communicated to the scheduled bank authorities.
108. Malliga.AL & Revathy.K. (2016) analyzed that using online banking instead of branch banking, paying bills online instead of mailing those, opening online bank account are now added advance to the banking technology or contributing the environment sustainability. Due to this change bank has shifted towards the adoption of innovative banking products. The use of ATM, Internet banking, Online transfer, Debit and Credit card become popular. Innovative product is time saving, create less cost to the bank as well as to the costumer. Main Profile of the respondents of the select private sector banks and select private sector banks to create awareness on using green banking services by their customers. The available opportunities, options and technology, Banks need to set their short term and long term green goal, develop their green strategies, and execute their greening activities in a phased manner.
109. Manori. P. Kovilage, Fernando. K.D.U.D. (2016) observed as stress them further, “Currently most of banks in the Sri Lankan banking sector are adopting with green banking practices to improve their competitiveness”. Therefore existing green baking practices and issues then influence to improve the competitiveness in the banking sector in Sri Lanka. The findings of the study revealed that effective water, energy and material usage through green building design and e-banking, efficient electronic disposal, eco-efficient data centre infrastructure and improving the productivity in data centre and low carbon usage as the major existing green banking initiatives in the Sri Lankan banking sector. Ultimately the study concluded that the green banking provides a favorable influence to improve the competitiveness of the Sri Lankan banking sector.
110. Mohammad Masukujjaman, Chamhuri Siwar, Reaz Mahmud.Md., & Syed Shah Alam. (2016) said that focus on in response to such blessings of nature; people are cutting plants, involved in deforestation, water pollution, and testing nuclear in the name of development and industrialization. Going green in banking is relatively an improvement, and also an equally worthy concept in the context of the contemporary world. In regard to the adoption of green banking, high adoption cost has been found to be the major perceived complexity. Green banking has greater connection to the Islamic shari’ah based banking as it supports the features- social responsibility, cleanliness, reduce wastage of resources and uphold ethics- of green banking. The privacy problem can easily be tackled in the case of online banking by strengthening the web security and capacity. More importantly, employee and customer awareness program relating to green banking should be extended by prioritizing research based approach.
111. Mohammad Nazim Uddin. (2016) said that Shari’ah based banking has strong potentials to contribute towards sustainable financing ecosystem for the green world. Allah has not created anything in this universe in vain, without wisdom, value and purpose “We have not created the heavens and the earth and all that is between them carelessly. Shari’ah is the moral code of Islamic law which provides the legal framework for regulation of many aspects of private and public life. Shari’ah rules in the mode of financing to the societal projects. Examine the perception and beliefs of investors and Islamic bankers towards green financing in Bangladesh and the role of shari’ah based banking on green financing in Bangladesh. It is obvious that there are main obstacles for green financing in practice are lack of knowledge regarding green banking, lack of assessment of green risk and lack of customer’s awareness in green banking etc.
112. Narmadha. (2016) analyzed that green banking will be mutually beneficial to the Consumers, banks, industries and the economy. Green banks should also have lower fees and give rate reductions on loans going towards energy-efficient projects. This is banking beyond pure profit. The awareness on Green Banking among the customers, factors influence the adoption of Green Banking services and ways to promote Green Banking in India. the above research we can see that green initiatives like Green Mortgages, E – Investment services, training and seminars for green banking, Green Loans, Providing recyclable debit and credit cards is not familiar in Green initiatives by the bank as per the respondents. Go Green is an organization wide initiative that moving banks, their processes and their customers to cost efficient automated channels to build awareness and consciousness of environment, nation and society.
113. Neeru Kapoor, Meenu Jaitly ; Rishi Gupta. (2016) said that considering the social responsibility towards environment protection, the role of green banking is expected to be observed at all levels of business process in this globalized world. The results showed that a defensive position towards the environmental issue is adopted by 53% of the banks and a large number of banks are unaware of the role that they can play for sustainable development. Green banking, if implemented sincerely will act as an effective preventive measure for the polluting industries that give a pass by to the other institutional regulatory mechanisms. The banking and financial sector should be made to work for sustainable development as Indian banks and financial institutions are running behind time. It is high time that Indian banking systems strongly adhere to equator principle – guidelines that use environment sensitive parameters, apart from financial parameters, to fund projects.
114. Omar Faruque.Md, Nurul Kabir Biplob.Md, Al-Amin.Md ; Sazzad Hossain Patwary.Md. (2016) revealed that green finance is an integral part of Green banking that makes a great contribution to the transition to resource-efficient and low carbon industries. Green Banking is certainly a new initiative throughout the world. The leading bankers and entrepreneurs have come forward to protect human being from environmental disasters. The created new financial products and services that support environment friendly projects and industries which ensure environmental benefits than evaluate and estimate the green banking practices in Bangladesh. Government should also encourage the general people about the green banking practices. The central bank should monitor or supervise commercial banks whether they are practicing green banking or not. So, every bank has to participate and contribute to green banking practices in today’s extreme national and global banking competition.
115. Rajiv Kalra. (2016) said that the banking sector can play an intermediary role between economic development and environmental protection, for promoting environmentally sustainable and socially responsible investment, banking of this kind can be termed as Green Banking. The role of green banking in sustainability development and create awareness about the green approach and sustainability. The RBI should make strict rules also for the banking sector so that all banks follows green banking approach and at world level environment protection should be maintain by various agencies which were constituted for this purpose. To go online, use of green credit card, save paper use energy efficient equipment in organization level, issue green loan by thoroughly verifying the projects.
116. Rakesh.D, Srinath.B.V & Naveen.R Karki. (2016) said that Green Banking means endorsing environmental responsive practices and tumbling your carbon trail from your banking happenings. This comes in many practices. Using online banking instead of branch banking, paying bills online instead of mailing them savings Open up CDs and money market accounts at online banks, instead of large multibank banks or verdict the local bank in your area that is taking the chief steps to support local green initiatives. That understand the concept of issues and challenges faced during the adoption that sustainable growth at green banking in India. Overall Green Banking is certainly a good way for people to get more sentience about global warming, each businessman, consumers and staff of the banks will contribute a lot to the environment and make this earth a better place to live. Green Banking adopts even more importance and relevance in developing countries like India.
117. Rezwan Ul Haque Aubhi. (2016) considered that demonstrate that the term Green Banking is popular worldwide now-a-days. It is for stopping the environmental degradation and making this planet habitable. The concept of Green Banking developed in the western countries has been replicated by many developing countries. In this study is to know and have a clear view of the evaluation of green banking practices in Bangladesh then historical evolution and major areas of efficiency or inefficiency of the banks regarding Green Banking initiative. ‘Consumer Awareness’ is the area where Bangladesh needs remarkable changes in green banking. For rapid change among consumers and businesses, a collective endeavor of government, media, NGOs, and Banks will be required. For highlights the fact that banks in Bangladesh are beginning to understand the importance of introducing green banking into their mainstream operations.
118. Sabrin Sultana & Jakir Hasan Talukder. Md. (2016) analyzed that green banking specifies support towards environment responsive practices in banking activities. The core purpose of this banking is to guarantee the utilization of organizational resources in support of the environment and society. The specific objectives are to identify obstacles involved in Green Banking, to find out the variables regarding obstacles involved in Green Banking, to find out the factors of those obstacles and to develop a perceptual map of those obstacles which will help us to have an insight into the bankers’ perception about Green Banking. An isolated effort by the banking communities may not bring much change. Overcoming these obstacles would depend upon the pro-active role of all the stakeholders and a sound incentive structure. We believe that this study will help everyone to easily and clearly know about the factors regarding major obstacles to Green Banking.
119. Sandeep. (2016) said that green banking trim down the need for expensive branch banks and customer service representatives. Banks support eco- friendly groups and raise money for local environment initiatives. Green banking means promoting environmental friendly practices and reducing your carbon footprint from banking activities. It comes in many forms likes using online banking and paying bills online etc. the various green banking financial products, methods, benefits and problems related to green banking. The purpose is to provide cost efficient automated channels and to build awareness and consciousness of environment, nation and society. Green banking is really a good way for people to get more awareness about global warming and concerned each businessman will contribute a lot to the environment and make this earth a better place to live. Green banking if implemented sincerely opens up new markets and avenues for product differentiation.
120. Saravanaselvi.C ; Sangeetha.G. (2016) considered that Green banking is like a normal bank, which considers all the social and environmental/ecological factors with an aim to protect the environment and conserve natural resources. It is also called as an ethical bank or a sustainable bank. Opening up accounts at online banks, instead of large multi-branch banks and can be using online banking instead of branch banking than paying bills online instead of mailing them. Green banking as a concept is a proactive and smart way of thinking towards future sustainability. In the emerging economies, it is very important for the banks to be proactive and accelerate the rate of the growth of the economy. By adopting the environmental factors in their lending activities, banks can recover the return from their investments and make the polluting industries become environment-friendly.
121. Sazzadur Rahman Khan. Md ; Ashraf Ali. Md. (2016) analyzed that green banking as a concept of sustainable banking practices was formally introduced in Bangladesh on February 2011 with the development of an indicative Green Banking Guideline for Banks and Financial Institutions by Bangladesh Bank. Show the budget utilization of Green Banking followed by private commercial Banks. The encourage that green practices for each and every banks by central bank and provide overall scenario about green practices in Bangladesh. To save our world from climate change effect there is no alternatives of green solution and green banking is one of the most important green solutions to cope with climate change effect. Green banking may be seen as a component of the global initiative from Banks end to save environment. Its major concentration is always on quality services, not on quantity. Customer focus is its priority, not volume of the business.
122. Shailendra Yadav ; Kasi Viswanadham.B. (2016) said that internal environmental impact of the banking sector such as use of energy, paper and water are relatively low and clean. Environmental impact of banks is not physically related to their banking activities but with the customer’s activities. Green Banking will ensure the greening of the industries but it will also facilitate in improving the asset quality of the banks in future. To got acquainted with the green banking concepts and its advantages and challenges. Indian banks need to create aware about green banking practices among managers and personnel through weekly green news, publications, banks newsletters and e-learning programs whereas, event meeting, media, websites, road shows can be adopted to create awareness among the clients and general public.
123. Shamim. Mohd & Zeenat Fatima. (2016) said that micro as well as macro and want to capture the world market at any cost, they forget in this haste the negative effects of these development processes. This directly affects our environment and lead to the problem of climatic change. The problem of climate change have direct impact on the eco- system and comply all the living being to adapt this change, which is very dangerous for every individual of this eco-system. The attitude and perception of banks employees towards this approach and analyze extend the pattern of operating activity of banks in the local area. Green banking refers to a sustainable approach in the operational activities of banking sector. They have a tendency and willingness to adopt the green banking and give their collective action in surpassing the challenges of climatic change.
124. Shaumya. K., & Arulrajah. A.A. (2016) investigated that this financing role of banks creates huge responsibility and accountability to the banks because, this may indirectly lead to environmental pollution if banks fail to exercise strong verification measures regarding the negative environmental impacts of those industries and businesses prior to financing. This paper is to explore the green banking practices in Sri Lanka and to develop an instrument to measure the green banking concept/practices. The study intends to build on recent banks’ annual reports of selected private banks, aimed at extending the boundaries of how green banking is defined and researched. The contribution of the study includes development of a reliable and valid instrument to measure green banking practices. By adopting an appropriate methodology and ensuring reliability and validity, the study has a sound basis for both theoretical and managerial implications.
125. Sinu, Gopi. (2016). said that green banking as a concept is a protective and smart way of thinking towards future sustainability. And it is creating a buzz in the financial world. It is a form of banking taking into account the social and environmental impacts and its main motive is to protect and preserve environment. In the present era, we are facing a lot of environmental issues. That higher than impact of green banking in environmental protection than identify the strategies adopted by SBI for green banking. Many of the organizations took necessary steps to control such problems. Financial sector or banking sector also takes such initiatives. That is called as green banking. In other words the green banking is the operation of the financial sector with special focus on the environmental, ecological and social factors.
126. Smriti Pathak ; Neha Patvardhan. (2016) concluded that in case industries are making efforts for creating environmentally sustainable practices, then, they should be accorded priority to lending by the banks. The second component of green banking entails creating financial products and services that support commercial development with environmental benefits. These include investment in renewable energy projects, biodiversity conservation, energy efficiency, investment. The understand the importance of green initiatives for sustainable banking then identify the Green Banking practices adopted in various Indian Banks and various strategies approach. Adoption of green approach is more than just becoming environment-friendly as it is associated with lots of benefits like reduction in the risk as well as the cost of the bank, enhancement of banks reputations and contribution to the common good of environmental besides enhancing the reputation of the bank.
127. Sneha Singh. (2016) said that stress is found at all workplaces, and can affect an individual’s performance, health and well-being. An effort to control or manage stress levels at the workplace should be an integral part of all corporate houses. Many corporate are now introducing “green technology” to provide a healthy and stress free environment to their employees in order to increase their productivity and reduce stress. Banking now is not only limited to awareness but also in practice. It is now expected from all scheduled banks that they would not only allocate budget but also ensure the efficient utilization of budget allocation. Green banking practices not only beneficial for eco-friendly banking system but also reduce daily work overload of banking sector employees which directly affect the working condition, quality of work and relaxed behavior of employees, moreover to that it build good relationship in between customer and bank.
128. Tejinder Pal Singh Brar. (2016). believed that Green Banking refers to the banking business conducted in selected area and this approach helps in overall reduction of carbon footprint. Climate change is the most complicated issue the world is facing. Across the globe there have been continuous endeavors to quantify and diminish the risk of climate change caused by human activities. They are not as green as foreign banks. As initially, these commitments will cause a huge financial burden for Indian banks and banking sector as a whole. It was found that private sector banks were ahead in terms of offering online services and using online mediums for providing awareness to customers. On the other hand public sector banks were less motivated in terms of using and motivating customers about green technologies. After adopting green banking, it was found that banks still depend upon paper based mediums for advertising their products and services.
129. Anantha Shayana, Ashrith N Raj & Shivaprasad Rai K. (2017) suggested that the banking sector is one of the major sources of financing industrial projects such as steel, paper, cement, chemicals, fertilizers, power, textiles, etc., which cause maximum carbon emission. Therefore, the banking sector can play an intermediary role between economic development and environmental protection, for promoting environmentally sustainable and socially responsible investment. In simple words, green banking is a banking that benefits the environment. To identify opportunities for innovative environment friendly financial products then issues and challenges faced during the adoption of green banking and understand the sustainable growth of green banking in India.
130. Jayadatta.S & Nitin.S.N. (2017) examined we are recklessly consuming all the available resources on earth which has given rise to a question as to what we will leave for our future generation. Ecological balance has been affected by global environmental problems like pollution, problems of natural resources, population growth, greenhouse effect and other such effluents. To create opportunities of green banking in India then major challenges, avenues and various strategies of green banking approach. Green banks are at start-up mode in India. Lot of channels is unutilized by the Indian banks for greening their activities even though they have started adopting green practices. Finally Proper training and educational programs by banks for the green initiatives will actually make Green Banking a success.
131. Khan Touhidul Alam, Naim Md. Julker, Islam Rashedul & Begum Khadiza. (2017) said that claim emphasize that climate change has become a global concern as it direct impact on biodiversity, agriculture forestry dry land water resource and human health. Case studies research of developing and developed countries is used to withdraw the best practices in green banking. The banks should play a pro-active role to take environmental and ecological aspects as part of their lending principle which would force industries to go for mandated investment for environmental management, use of appropriate technologies and management systems. Green Banking if implemented really will act as an effective for the polluting industries that give a pass by to the other institutional regulatory mechanisms.
132. Mohammed Syedul Islam & Md. Rafiqul Islam Rafiq. (2017) said that the ecological balance is deteriorating rapidly and significantly in the world. For instance, environmental degradation is very noticeable all around the world particularly in the poor and developing countries. Pollution of air and water are significant, consumption of nonrenewable energy is fast, and industrial pollution is beyond control. Waste disposal from households and industries are ill-managed. It is now clear that Islamic banks not only earn limited profit, but also respond to social and environmental goals like sustainability initiatives. Greater budget for green banking, higher amount of green finance, less expenditure on inventories and more careful evaluation to social and environmental risks also revealed that the Islamic banks are more socially responsible banks. It is mention worthy that sustainability initiatives of IBBL is noticeably extensive than any other sample banks in our study irrespective of Islamic and conventional banking.
133. Nilda Tri Putri, Elita Amrina & Gesti Astria. (2017) observed that during daily business activities, such as the use of paper, electricity, air conditioning, lighting, and other electronic equipments, banks contribute directly to the increasing of greenhouse gas emissions. Green banking means, using all the resources of banks by having a responsibility and a sense of caring, avoiding waste, and providing priority to choose to become sustainable. Data were collected using the questionnaire that is consisted of three parts which are knowledge, awareness, and e-Banking services quality. Knowledge is three categories Green Banking in General, Green Lending Policy, and e-Banking services. Based on the result, the customer knowledge level is average. Awareness level is good. Based on the result, the level of customer knowledge towards green banking is still at the average level
134. Nirav R. Joshi & Suraj M. Shah. (2017) said that Green banking is making technical upgrading, operational enhancement and changing client behavior in the banking segment. Banks should support those products, practice and know-how which substantially decrease the carbon footprint from the surroundings. The Customer has to swipe their ATM card for withdrawal or has to deposit the money in the counter. The customer has to choose the transaction type and enter their pin number to complete the transaction within time. They identify different levels of various strategies for adopting Green banking initiatives taken by commercial banks of India and approach for propose a model for green banking in India. Green banking is catching up and banks are actively looking for ways to portray themselves as a Green Bank. The banking and financial sector should be made to work for sustainable development.
135. Nushrat Nahida Afroz. (2017) stated to save the environment Green Banking is the great initiative which is taken by bank all over the world. Bankers are the important professional group who has communication with the other groups of people and also with general masses. They can adopt different green activities within their in-house environment and also can initiate the protection of the air pollution, water pollution by their clients. Evaluate the present condition of the bank regarding to the using solar energy, green banking culture and ecological balancing of different department. Green Banking performance of IBBL through its different initiatives and also environmental contribution connect economy. Government should take necessary steps to enforce existing environmental regulations and formulate appropriate rules to ensure ‘Pollute Pays Principle’ in the country.
136. Prashanth Kumar.A, Swathi Bhat, Nishapoojari, & Sushmitha Shetty. (2017) analyzed of green banking is a new phenomenon in the financial world. Green banking is like a normal bank, which considers all the social and environmental factors with an aim to protect the environment and conserve natural resources. It is also called as Ethical Bank or Sustainable Bank. The awareness of the concept of green banking among knows the customer’s adoptability to internet banking, mobile banking, e-lobby and use of plastic cards services through conveniences and inconveniences of green banking to customers. As India is a democratic nation real democracy can be achieved with the elimination of black money which is a major threat for the balanced economic development and equal distribution of wealth. Green Banking (E- Banking) is a main weapon which will help in achieving the welfare state.
137. Ramya.S. (2017) considered that environmentalism and environmental concerns are often represented by the colour ‘green’. Global warming, also called as “Green House Effect’ is a global issue calls for a global response. The warming effect of certain fabricated gas emission such as carbon dioxide, methane, nitrous oxide and hydro-fluro carbon is found responsible for distortion in climate changes. For analyze the Green banking products in selected banks then measure the service quality of Green Banking services through SERQUAL MODEL and suitable steps to create awareness Green Banking concept among the customers. Green banking is a key issue concerning the development of the nation. With globalization and increasing competition, moving towards the green wave provides competitive advantage. This study is used SERQUAL for measuring service quality of the Green Banking products.
138. Satheesh Kumar. C. (2017) considered that environmentalism is a key philosophy concerning for environmental conservation and development of the state of the environment. Green banking system always tries to change the client’s usual banking habit. To check the awareness of green banking among the general public and customers and that know about the green banking products. Most of the respondents have no idea about solar ATM, and green car loan, bank policy and green commercial building loan respondents opined that, banker’s motivation is not much effective. Indian banks tries to perform efficiently than the foreign banks for attaining green banking system. They should take necessary action to educate the general public for initiating green banking system.
139. Shilpa Shetty.H & Gopika Unnikrishnan. (2017) stated that the phase of “going green” is moving faster than the speed of light. Alliance for Green Capital, U.S defines a green bank as a “public or quasi – public institution that invests in clean energy projects in partnership with private lenders.” Along with this, Green banks also ensure in-house operations involve minimum wastage of resources for study and compare the green banking practices of USA and India and improve green banking in India. Strong policy settings and incentives can enable successful setting and scale up of green banking in India. Green Banks can play a vital role in accelerating low carbon development projects and overcome the local financing barriers for clean energy projects.
140. Tejinder Pal Singh Brar. (2017) said that drastic change in weather is the most problematical issue the world is facing. Across the globe there have been continuous endeavors to quantify and diminish the risk of climate change caused by human activities. Banks are considered environment friendly and do not impact the environment greatly through their own ‘internal’ operations but the ‘external’ impact on the environment through their customers activities is substantial. Banks should motivate the use of environmental information not only in the credit extension but also in taking investment decisions. In order to properly implement green banking banks have to work closely not only with government but also with regulators, consumers, NGO’s and business communities.
REVIEW OF LITERATURE