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PBME Volume IV ISBN: 978-81-951151-2-9

GREEN BANKING PRACTICES IN INDIA DURING COVID-19

Author(s): G. SRIVIDYA ORCID iD & B. VIJAYALAKSHMI ORCID iD icon

Abstract

Concern for the environment has established a lot of attention in this contemporary state of globalization. Global warming is also becoming a nationwide as well as universal problem, it hampers on ending the natural resources. For the reducing of global warming problem there must be attention on eco-friendly initiatives by all of us. (Dr.GobindaDeka, 2020) Most of the nations have been taking belligerent actions to tackle global warming and climate change. Green banking is making technological improvements, operational improvements and changing client habits with efficient and effective use of computers, printers and servers to optimize the use of energy and less usage of paper. Green banking practices helps in encouraging environment-friendly practices and dropping carbon footprint from routine banking activities. Directly & Indirectly these green banking practices helps in encountering carbon foot print, global warming, climate change, fickle weather, floods, droughts, pollution, high greenhouse gas emissions, etc., by environmentally sustainable and socially responsible investments. This paper is an attempt to study the impact of COVID-19 on banking sector in India. Moreover, an effort is made to study the pivotal role of green banking practices during COVID-19 times.

Keywords: green banking, global warming, eco-friendly practices

JEL Classification: G2, G21

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