Green Banking in India : A Paradigm Shift Towards Sustainable Growth

Due to global warming and climate change, entire global economies are transiting towards sustainable development in the present era. Banks are the economic-centric institutions that run the economy of a country and also emit carbon from their activities. To reduce these carbon emissions and carbon footprints emitted by the banks, the environmentally-friendly concept of “green banking” has arisen. This is an innovative method of sustainable banking that is emerging as a paradigm shift towards the sustainable growth of a country. This article will review various studies on green banking in India and highlight significant insights on the country’s initiatives, practices, banking customer perceptions, and pitfalls in Indian green banking. This study helps policymakers in developing policies and researchers in focusing on future work for sustainable growth