Advantages And Disadvantages Of Bank

• The bank offers a wide array of financial products and services, each of which has a direct or indirect positive impact on the society and/or environment. Few of the bank’s recent products/services with inherent environmental/ social benefits like Green Channel Counter, Green Remit Card etc.

• Bank installed solar lamps in rural areas not having dependable electricity supply.

• Bank gives project loans at concessional rate of interest to encourage reduction of greenhouse gases by adopting efficient manufacturing practices.

• Bank has undertaken tree plantation during monsoons and Bank has planted more than 450000 trees during last three years.

• Bank has also involved in other initiatives such as construction of green building,

This reduces the carbon footprint of the customers because they do not have physical statements or travel to their branches.

• Bank has set up fully electronic branches where the customers can conduct all their banking transactions.

• E- Drive-Bank has sent nearly 200 thousand annual reports in electronic form and bank have saved more than 60 tonnes of paper in the last quarter by sending e-statements to over 6.5 million bank accounts and 300 thousand credit card customers.

• Bank encourage to customers to use environment friendly vehicles by offering 50 percent waiver on processing fee for those car models which uses alternate sources of energy like the Civic Hybrid of Honda, Tata Indica CNG, Reva electric cars, Mahindra Logan CNG versions, Maruti's LPG version of Maruti 800, Omni and Versa and Hyundai's Santro

The banks have identified opportunities of incorporating green practices like going paperless, e- statements, solar ATM, LED bulbs, internet banking, net banking, mobile banking, green channel counters, credit cards and many more and avoiding the potential threat. RBI and government should pay a more proactive role and formulate green policies and guidelines. From the environment sustainability perspective, the results of the study are encouraging the use of green HR Practices in banking Sector. It is also concluded that if a use of natural resources is reduced by using alternative sources or using the resource efficiently, it will have positive consequences such as keeping the environmental footprint minor, reducing waste and re-using materials as much as possible. Literature also supported that there is strong relationship between green banking and bank