These days Go Green mantra is applicable in all sectors in India. So the banking sector introduced the new concept of Green Banking in banks. The concept of green banking consists of two terms: green is related to the protection of the environment and banking is defined as the act of using the services of a bank, therefore, green banking is considered to describe everything that connects the entire economy and the aspects related to environmental protection. Now the bank will move from the traditional banking system to modern banking. Banks have an important role in promoting overall sustainable development. A Green Bank is a normal bank, which considers all the social and environmental factors that aim at protecting the environment and conserving natural resources. Green banking promotes environmental-friendly practices and reduces the carbon footprint by using online banking instead of branch banking. SBI is focused on its environmental initiatives such as lending at concessional rates for renewable energy projects, establishing digital banking platforms, implementing energy conservation initiatives like setting up of solar ATMs across India, waste management, reducing paper and water consumption, reducing greenhouse gas emissions etc. HDFC bank has been focused environmental concerns and measure its greenhouse gas emission since 2010. Bank is committed to utilize renewable energy in its business operations. The main objective of this paper is to know about the initiatives taken by the SBI (Indian Public Sector Bank) and HDFC Bank (Indian Private Sector Bank) regarding green banking activities.
green banking, sustainable development, SBI, HDFC bank
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