GREEN FINANCE PRACTICES OF PUBLIC AND PRIVATE SECTOR BANKS IN INDIA

Abstract

This discussion suggests that green finance has become a crucial instrument supporting sustainable development, as well as dealing with climate change, and for the banking sector, the promotion of ecological accountability. The green finance practices of public and private sector banks contribute to India’s sustainable growth and this study examines their contributions. The policies, strategies, and initiatives employed by these banks to finance ecofriendly projects, cut down on carbon footprint, are analysed, and they are aligned to global environmental targets. Drawing key differences between the two approaches of public and private banks, the analysis demonstrates their effects on renewable energy, energy efficiency and other green projects. Moreover, the study discovers the challenges facing the adoption of green finance, including regulatory constraints, awareness gaps and financial risks. However, the findings stress necessity of robust frameworks, innovative financial products and co‐operative efforts to leverage Indian banks to promote a green economy. And this research provides insights to policymakers, bankers and stakeholders to help push sustainable finance practices forward.