Chapter 14: Role of Green Banking in Promoting Sustainable Development in India

Global Sustainable development is today's Buzzword. Countries and governments are relentlessly working and proposing stringent policies for tackling climate change. Green banking plays a pivotal role in fostering sustainable development in India by aligning financial practices with environmental concerns. Environmental stewardship, responsible resource allocation, and other green banking practices can immensely contribute to sustainable development goals, fostering economic growth, while minimizing environmental impact on current and future generations. Present study is a niche attempt to focus on the concept of green banking practices and various government initiatives and strategies adopted by Indian Banking Sector in the past five years (2019–2023) for promoting green banking for overall sustainable development.