INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
India is rapidly developing economically but faces environmental sustainability challenges. Green finance is seen as an opportunity to fund India’s transition to a greener economy. Banks play an important role by offering various green financing schemes for sectors like renewable energy, electric vehicles, and rooftop solar. Major initiatives include green loans, green bonds, and green deposits. Public sector banks like SBI, Union Bank, and Canara Bank, Punjab National Bank, Bank of Baroda, Central Bank of India etc. have launched several schemes to support renewable energy projects, electric mobility, and carbon reduction efforts. This paper studies the green finance initiatives of six public sector banks in India and analyses them. These initiatives are also compared with major global public sector banks to identify the complications.
Keywords:
green finance, public sector banks, renewability, sustainability, solar power, electric vehicles
Cite Article:
"GREEN FINANCE FOR SUSTAINABLE DEVELOPMENT IN INDIA: A CASE STUDY OF SIX PUBLIC SECTOR BANKS", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 2, page no.c372-c380, February-2024, Available :http://www.ijnrd.org/papers/IJNRD2402245.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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