A Study on Problems and Perspects of Green Banking with Reference to Coastal Regions, Karnataka, India

Green banking is defined as promoting eco-friendly banking practices and reducing emitted carbon mark from banking activities. Green Banking mainly focuses on two prolonged approaches. First, it puts emphasis on green revolution of internal operations of all banks, meaning all bank should adopt proper ways of consuming renewable energy, digitalization and other measures to minimize carbon mark from banking sectors. Secondly, all banks should adopt financing in an environment-friendly way. The main objective of green banking is to minimize filth and give importance to environment and society. This paper analyzes the various problems and the prospects on the topic. Green banking practices will be useful not only for environment but also lead to cost reductions on banking activities. It means that banking business should be conducted in such areas and in such a manner which would help in overall reduction of external carbon-emission and internal carbon footprint.