Indian Banking Sector towards a Sustainable Growth: A Paradigm Shift through Green Banking Initiatives
- Author Amandeep Kaur
- Co-Author Mandeep Kaur
- DOI
- Country : India
- Subject : Commerce
Keywords : Green Banking, India, Paperless Transactions
Abstract
Don't be surprised to see a credit amount mentioned in your account with the transaction remark put as "green banking" the next time you see your bank account statement. Yes! the green banking is rewarding! It is not only beneficial for the banks and the economy but for the normal customers like you and me as well. This is one among the most novel and innovative green banking initiatives introduced by banks - novel because your bank balance is getting increased and innovative because it is very simple to understand. Every time there is a paperless transaction in the bank, the bank is able to save some money and as a part of green banking initiative a portion of this amount is given to its customer. This will encourage more paperless transactions by the customers and in the process help to reduce the carbon footprint as well. It is a win-win-win situation for you, the bank and the environment. In this paper, we discuss the scenario of green banking in India.
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