Question

What are the green banking initiatives of leading public and private banks?

Hint:

Remember: Green banking helps banks protect the environment while offering modern, convenient services to customers.

Answer 1

Green banking refers to sustainable banking practices that reduce the carbon footprint and encourage environmental responsibility.
Leading public and private banks in India have launched various green initiatives to support eco-friendly banking operations.
Many banks have introduced paperless banking by promoting online transactions, e-statements, and digital payments to reduce paper usage.
Banks are encouraging customers to use net banking, mobile banking apps, and ATMs instead of physical branches to save energy and resources.
Several banks provide green loans to support renewable energy projects like solar power, wind farms, and energy-efficient buildings.
Green building certifications are adopted for new bank branches, ensuring that offices follow environmental standards and save electricity and water.
Some banks also implement internal practices like energy-efficient lighting, waste recycling, and reducing water consumption in their offices.
Major banks like SBI and ICICI have also started campaigns to create awareness among customers about eco-friendly financial practices.
These initiatives together help banks fulfill their corporate social responsibility towards environmental sustainability.