Contribution of Financial Institution towards Sustainable Development: A Study on Green Banking Initiatives of State Bank of India (SBI)

The nation's economic status is greatly influenced by the banking industry. Like other industries, environmental protection is also a responsibility which has to be equally shared by the banking industry also. The banking industry has now accepted the concept of "Green Banking" which leads to sustainable development. This study revolves around SBI how it captures its dedication to incorporating sustainable practices into its daily operations and going above and beyond the Bank's boundaries to have a beneficial influence on the environment, society, and economy. This paper aims to highlight the initiatives adopted by State Bank of India to attain sustainable development through green banking. The paper is based on qualitative data gathered from variety of sources like reports, research papers, articles, and more.