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GREEN BANKING: INITIATIVES OF COMMERCIAL BANKS IN INDIA
ANUPAMA B R
Abstract:
Global Warming & Climate change are the main two discussed issues worldwide. These issues are caused mainly by human activities like burning fossil fuels for heat & energy, cleaning forest, fertilizing crops, storing waste in landfills, raising livestock and producing some kinds of industrial products which adversely impact our health, environment and economy. Hence some measures need to be taken urgently to save the environment from these issues. Being a financial organization of the country which is responsible for financing the economic and developmental activities of the country, banks have to address these above issues, both in terms of its obligations & opportunities by virtue as a responsible corporate citizen & as a financier. In this paper we tried to find out the ways in which banks can “Go Greener” and some of the green banking initiatives taken by the banks in India.