Green Banking Practices in India: A Strategic Framework for Public and Private Banks

Y. Anjani Kumari, T. Sreenivas

Abstract: Green banking has emerged as a pivotal approach for integrating environmental sustainability into financial practices. This study examines the enhancement of green banking practices adopted by private and public banks in India. It explores strategies, challenges, and opportunities in implementing sustainable banking initiatives. The paper highlights key differences in the adoption of green practices between public and private sector banks, focusing on areas such as green financing, digital transformation, sustainable operations, and regulatory compliance. By analyzing the role of technology, policy frameworks, and consumer awareness, this research provides actionable insights into improving green banking practices across the banking sector. Findings suggest that while private banks excel in technological adoption and innovation, public banks lead in financing large-scale green projects due to government backing. Th study concludes by proposing a collaborative framework for public and private banks to collectively drive sustainability goals, contributing to environmental preservation and economic growth. This research underscores the importance of green banking as a tool for fostering a resilient and sustainable financial ecosystem in India, aligning with global sustainability standards and national development objectives.

Keywords: Sustainability, Enhancement, Strategies, Digital transformation, and global standards