Green Banking a Tool of Digital Banking and Financial Services Practices in India

Mr. Siddarth N. M.

doi:https://doi.org/v5i2.03

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Green Banking a Tool of Digital Banking and Financial Services Practices in India

Siddarth N. M.

Vol 5 , Issue 2 , July - December 2019 | Pages: 9-11

https://doi.org/v5i2.03

Published Online: January 30, 2020

Author Details ( * ) denotes Corresponding author

1. * Siddarth N. M., Research Scholar, Department of Studies and Research in Commerce, Gulbarga University, Kalaburagi, Karnataka, India

Changes is the need of hour for survival in all spheres. Climate is most complicated issue the world is facing. The world has seen much focus on economic progress, the side effects of this has resulted in climate change, environmental damage. The banks can play an important role between economic growth and environmental protection. The banking of this kind is termed as ‘Green banking’. It means combining technology and changing client’s habits in banking business. Green banking practices will be useful not only for environment but also lead to cost reductions in banking activities. To reduce the external carbon emissions, banks should finance green technology and pollution reducing projects. Green banking is a part of green initiatives taken by stakeholders to save environment.

Keywords

Green Banking; Technology; Digital

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Greenbank.com