Archive Details

Year 2024
Volume/Issue/Review Month Volume-XVII | Issue-II | Jul.-Dec.
Title Mediating role of Green Finance in Transforming Banking Activities to Environmental Performance
Authors Sarath Chandran M.C. ,V.M. Mukesh, Renju Chandran, , B. Sathiyabama, N. Santhosh kumar
Broad area Finance
Abstract

This study probes the impact of green banking initiatives on green financing and the influence of Private Commercial Banks on environmental performance in India. It scrutinizes the interplay between green banking activities and environmental performance with green financing acting as a catalyst. 1290 responses were gathered from PCBs (Private Commercial Banks) as primary data through snowball sampling technique and Smart-PLS software was utilized to examine the structural relationships among the variables, The study's empirical results indicate a positive and significant relationship between green banking activities and the environmental performance of PCB's are compared within India. Additionally, green financing was found to bridge the relationship between green banking activities and the bank's environmental performance. Further, the study found the expansion of green banking in India brings several benefits, including increasing banks' competitiveness, and reducing carbon footprints ultimately contributing to economic growth which is sustainable and results in the progress of the nation.

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