Green Banking Initiatives: A review of Indian Banking Sector

Energy conservation and environmental sustainability has been a focus area since 1970s. Post financial crisis in 2007, these are also the buzz words in financial industry. Long term sustainability of economy is important for all businesses to survive. The borrowers should exist over long term for lenders to achieve their goals. All these have a huge momentum in banking industry and the green initiatives in banking industry will ensure new methods of energy conservation that will eventually result in long term sustainability of the firm and economy at large. We examine the development of various green initiatives in banking sector with major focus on Indian banking industry. Further we study in detail the green initiatives of five major Indian banks.