Journal Press India®

GBS Impact: Journal of Multi Disciplinary Research
Vol 11 , Issue 2 , July - December 2025 | Pages: 12-28 | Research Paper

Green Banking in India: A Critical Review of the Challenges and Opportunities for Sustainable Development

Author Details ( * ) denotes Corresponding author

1. * ADARSHA K N, Assistant Professor , Commerce , Government First Grade College for Women K R PETE , SRIRANGAPATNA, Karnataka, India (knadarsha890@gmail.com)
2. Ravi B C , Associate Professor, Commerce, Mandya University , Mandya, Karnataka, India (mandya115@yahoo.com)

India's banking system is balancing economic growth with environmental protection through the introduction of green banking. While not widely used, some Indian banks are beginning to adopt green banking practices, financing renewable energy projects and sustainable farming. However, challenges include lack of awareness, high costs, and lack of clear guidelines. To address these issues, education, rules, incentives, and technology investment are needed. By adopting green banking practices, Indian banks can improve their environmental impact, enhance their image, reduce costs, and compete more globally. This approach can also help banks improve their image and reduce costs.

Keywords

Green Banking; Sustainable Development; Environmental Sustainability; Renewable Energy; Financial Inclusion; Eco-Friendly Practices

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