Recent Advances in Green Banking: Systematic Review using PRISMA Protocols
DOI:
https://doi.org/10.70454/IJMRE.2024.40301Keywords:
Green Banking, Sustainability, PRISMA ProtocolsAbstract
In recent years, advancement of go green initiative by the government of India tends to a substantial trend towards greening the industry. With the increased environmental concern, many businesses, organizations & countries acts sustainably to achieve sustainable goals. A research on green banking and sustainability has grown widely due to increasing the adoption of green banking practices by Indian banks as well. The article is related to review of recent trends and advances in green banking by taking into consideration the “Preferred Reporting Items for Systematic Reviews and Meta-Analyses” (PRISMA) protocols. It examines and reviews the significant green banking initiatives and developments by selected Indian Private Sector Banks. The study highlights the current research on green banking adoption and strategies to attain the sustainable development
goals by banks. The review is based on both empirical & theoretical data connected to green banking. Various research articles, amendments in the banking act, book chapters are taken into consideration while preparing the literature review. This study provides number of insights and pinpoints key research avenues essential for advancing sustainability and associated practices in the banking sector.
References
[1] Aracil, E., Nájera-Sánchez, J. J., & Forcadell, F. J. (2021). Sustainable banking: A literature review and integrative framework. Finance Research Letters, 42, 101932.
[2] Aslam, W., & Jawaid, S. T. (2023). Systematic Review of Green Banking Adoption: Following PRISMA Protocols. IIM Kozhikode Society & Management Review, 12(2), 213-233. https://doi.org/10.1177/22779752231168169
[3] Chen, J., Siddik, A. B., Zheng, G. W., Masukujjaman, M., & Bekhzod, S. (2022). The Effect of Green Banking Practices on Banks’ Environmental Performance and Green Financing: An Empirical https://doi.org/10.3390/en15041292
[4] Mir,A. A., & Bhat, A.A. (2022). Green banking and sustainability – a review. Arab Gulf Journal of Scientific Research, 40(3), 247–263. https://doi.org/10.1108/AGJSR-04-2022 0017
[5] Factors Affecting Customer Satisfaction Level for Green Banking Practices in Banks of Bangladesh by Mohinur Akter & Jarin Tasnim - https://journal.baiust.edu.bd/wp content/uploads/2021/01/DBA12_Journalformatted-article_02.pdf
[6] Neeraja, T. S., & Joseph, R. (2021). Green initiatives of SBI: A customer-centric study. EPRA International Journal of Economic and Business Review-Peer Reviewed Journal, 9(4), 14-19.
[7] Hasan, M. F., Hadi, H. S., & Jasim, N. A. H. (2021). The Validity of Altman’s Models in Predicting Iraqi Private-Banks Soundness. Journal of Management and Accounting Studies, 9(01), 79–89. https://doi.org/10.24200/jmas.vol9iss01pp79-89
[8] Herath, H. M. A. K., & Herath, H. M. S. P. (2022). Impact of green banking initiatives on customer satisfaction. IOSR Journal of Business and Management, 24(7), 1-19.
[9] Katti, M. V., & Jagtap, M. V. V. (2022). An evaluation of customer awareness towards green banking practices of state bank of India, Journal of Banking Management, 21(2), 661-682
[10] Page, M. J., Moher, D., Bossuyt, P. M., Boutron, I., Hoffmann, T. C., Mulrow, C. D., ... & McKenzie, J. E. (2021). PRISMA 2020 explanation and elaboration: updated guidance and exemplars for reporting systematic reviews. bmj, 372.
[11] Park, H., & Kim, J. D. (2020). Transition towards green banking: role of financial regulators and financial institutions. Asian Journal of Sustainability and Social Responsibility, 5(1), 5. https://doi.org/10.1186/s41180-020-00034-3.
[12] Prashanth Perumal J. (2023) What does the framework say? Can green deposits help the environment in any way?
[13] Rabea’Hadi, M., Hasan, M. F., Flayyih, H. H., & Hussein, M. K. (2023). Green Banking: A Literature Review on Profitability and Sustainability Implications. Ishtar journal of economics and business studies, 4(2), 1-6.
[14] Rehman, A., Ullah, I., Afridi, F. e. A., Ullah, Z., Zeeshan, M., Hussain, A., & Rahman, H. U. (2021). Adoption of green banking practices and environmental performance in Pakistan: a demonstration of structural equation modelling. Environment, Development and Sustainability, 23(9), 13200–13220. https://doi.org/10.1007/s10668 020-01206-x
[15] Sangeetha, M., Hoti, A., Bansal, R., Faez Hasan, M., Gajjar, K., & Srivastava, K. (2021). Facilitating artificial intelligence supply chain analytics through finance management during the pandemic crises. Materials Today: Proceedings. https://doi.org/10.1016/j.matpr.2021.11.418
[16] Sharma, M., & Choubey, A. (2022). Green banking initiatives: a qualitative study on Indian banking sector. Environment, Development and Sustainability, 24(1), 293-319.
[17] Trott, S. (2020). The impact of green banking initiatives on green brand equity of banks in India. International Journal of Business Forecasting and Marketing Intelligence, 6(2), 79-98.
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Ms. Shrutika Wani (Author)

This work is licensed under a Creative Commons Attribution 4.0 International License.
This is an Open Access article distributed under the term's of the Creative Common Attribution 4.0 International License permitting all use, distribution, and reproduction in any medium, provided the work is properly cited.
