VI. CONCLUSION AND SUGGESTIONS
In the current scenario Indian cities are listed among the most 10 populated cities in the world. The main reasons for these issues are excessive cut down of trees and construction of multi storied building and the emission of hydro-fluro-carbon, nitrous oxide etc that pollute the environment. So in order to recover from these issues the best way is to adopt changes in a way that is sustainable to the environment. If the Indian banks are implementing the green banking techniques in an effective manner it will act as a catalyst for protecting our environment. Now the banks and the financial institutions have adopted the equator principles as a ground rules. Green Banking process helps the banks for creating cost efficient automated channels to build consciousness and awareness among its various participants like customers, business institutions and other financial institutions. Green banking involves in the process of reducing paper works are possible since all the transactions are done through online channels. Bank also introduced many products like green credit cards, green mortgages etc. as part of the green projects. As a part of their CSR activities many banks are also taken initiatives to create awareness among the business class and the public and also states about the importance of the going green policy. Banks are also following environmental standards for the lending and borrowing process. The concept of sustainable banking is good for all the sectors in the public. [23] have stressed the importance of frugal innovation for sustainability and improved resource utilization in business. Since it acts as a reminder for the human beings who are involved in the process that effects the economy. Ethical Banking not only involves in the process of making the institution green but also involves in increasing the rating of the banks, making the operation efficient and also improves the quality of the assets of the banks. Ethical banking helps a bank to satisfy both its internal operation and also it satisfies the responsibility of the bank towards the economy and it also increase the rating of the bank.
