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Category: Business and Industry
Date Submitted: 03/18/2013 04:02 AM
“Green Banking practices in Bangladesh”
1
Md. Shafiqul Islam, 2 Prahallad Chandra Das
1
Lecturer, Department of Accounting and Information Systems, Jatiya Kabi Kazi Nazrul Islam University
Trishal, Mymensingh-2220, Bangladesh.
2
Lecturer, Department of Accounting and Information Systems, Jatiya Kabi Kazi Nazrul Islam University
Trishal, Mymensingh.
Abstract: The paper portrays the green baking practices in Bangladesh. Study is mainly based on secondary
data highlighting the mobile banking, online banking, green financing, and guidelines for green banking
practices as well as green banking unit. Green Banking is a new way of conducting the banking business
through considering the hygienic environmental issue as well as corporate social responsibility (CSR).
Nowadays, it is inevitable to practice green banking by bank s because of globalization and to face the
competition. On an average, bank is allocated Tk. 657.67 million for green banking in 2012. Since October
2012, Taka 838.4 million has been allocated to the following green projects. For 2012, banks have allocated
Tk.20, 034.59 million for green finance of which Tk. 3273.69 million has been utilized during January September 2012. The concept of green Banking is relatively new in Bangladesh and yet to get momentum, but in
the developing countries it is passing through a mature stage. The study concludes that green banking practices
in Bangladesh is not satisfactory at all
Keywords: Green banking, Green finance, Environment, Corporate social responsibility (CSR) and Online
Banking etc.
I.
Introduction:
The word „Green Banking‟ is very common concept in the world. Global warming is a great issue in
protection of hygienic society. There is high possibility of playing significant role of Green Banking in the
global warming issue. The green banking concept is evolved in western countries and now is practiced in most
of the countries in the world. I t i ndicates endorsing e...