Green banking initiatives by Indian Banks

Environmental protection and preservation has become the major concern today because the level of pollution has reached to such an extent that if this situation continues further then life on earth may not be possible. So, it becomes a matter of concern for all. Everybody whether it be government, individual or corporate is focusing on development, progress, growth but at the cost of environment. Green Banking is a step towards sustainable development. Green Banking means carrying banking activity in an environment friendly manner or it refers to all those practises exercised by banks to conserve and protect environment such as funding green loan, constructing green building, promoting use of renewable energy etc. The aim of this paper is to discuss about the merits, demerits of green banking and most importantly to discuss about the initiatives taken by Indian banks towards protecting environment.