INTERNSHIP REPORT On Green Banking Practices and Its Effects: A Study on Selected Commercial Bank Branches Located In Dinajpur and Nilphamari City

Abstract

Banking sector plays an outstanding role in the economic development in our country. Banks make profit to give loan to entrepreneur. Some projects destroy the environment financed by bank by increasing carbon die oxide in the world. To keep the world habitable, like other sectors, banking sector also has its responsibility to protect environment. To fulfill this responsibility, the banking sector has adopted the concept of Green Banking. The concept of Green banking is comparatively a new concept. It is a paperless banking, which not only reduces the cost of banking activities but also helps in environment sustainability. It helps in reducing the use of paper, power and energy. Thus the concept of green banking is evolved in response to the global initiative to save environment. It is a kind of welfare banking for the society at large, it responses to be green in daily operations and financing to projects. The main objective of this paper is to know about the initiatives taken by the banking sector. Banking sector plays a crucial and decisive role in promoting environmentally sustainable and environment friendly investments. Banks provides green finance and helps to spreads green products and starts green marketing. Thus, encouraging environmentally responsible investments and of Green banking activities should be one of the responsibilities of the banking sector. The Green initiatives taken by Banks or a concept of Green banking means using all of the banks resources with responsibility and care, avoiding waste and giving priority to choices that take care of environment. It also means promoting environmental-friendly practices and reducing your carbon footprint from your banking activities. The reasons for going green are manifold, and the key among them are: increasing energy consumption and energy prices, growing consumer interest in environmentally-friendly goods and services, higher expectations by the public on Bank’s environmental responsibilities and emerging stricter regulatory and compliance requirements of Bangladesh Bank