Role of Green Banking In Making India a Cashless & Green Country

Abstract

In the present scenario of globalization everybody in the society is becoming more and more concerned about natural environment, environment conservation, restoration of resources that’s why business organization and corporations have started modification of their working so there will be a reduction in pollution and increase in green clean environment so they also contribute in making a sustainable future for business and upcoming generations. With all other sectors banking sector also come forward to join Go Green mission to ensure the eco-friendly practices are running.

Green banking is a combination operational and digital banking with ethical banking means earlier manual transactions are now operated digital, ethically which saves time, energy and resources.These days banks are promoting environmentally friendly practices to change customer’s older banking habits by introducing online bills payment, transfer of funds and so many other options are there. This study conducts to understand the role of green banking in promoting cashless transaction with the help of primary and secondary data. Coming to the findings of study it is necessary to create more and more awareness among rural and urban India both, implement and follow green banking practices as much as possible to ensure sustainable and healthy environment.