Green Banking Practices and Sustainable Development: A Study of Indian Banking Strategies

Green banking has emerged as an important strategy for promoting environmentally sustainable economic development within the financial sector. In recent years, Indian banks have increasingly adopted green banking practices to reduce environmental impact, promote resource efficiency, and support sustainable development. The present study examines the various green banking strategies implemented by banks in India and evaluates their role in promoting sustainable development. Key initiatives such as paperless banking, digital and online banking services, green financing, energy-efficient banking operations, and the promotion of environmentally responsible investments are analysed within the framework of sustainable banking practices. The study is primarily based on secondary data collected from annual reports of banks, publications of financial institutions, research journals, and official reports related to green banking in India. The analysis highlights that Indian banks have made significant progress in adopting environmentally responsible banking strategies; however, the extent and effectiveness of these practices vary across different banking institutions. The findings suggest that green banking not only contributes to environmental conservation but also enhances operational efficiency and supports long-term economic sustainability. The study concludes that the adoption of comprehensive green banking strategies can play a crucial role in achieving sustainable development goals. It emphasizes the need for stronger regulatory support, increased awareness, and the integration of environmental considerations into banking policies to further strengthen green banking practices in the Indian banking sector.