...SUSTAINABLE BANKING -AN INDIAN PERSPECTIVE Abstract ------------------------------------------------- The contribution of financial institutions including banks to sustainable development is dominant, considering the crucial role they play in financing the economic and developmental activities of the world. In this context, the urgency for banks to act as responsible corporate citizens in the society, especially in a developing country like ours, need be hardly overemphasized. Their activities should reflect their concern for human rights and environment. Since banking sector is one of the major stake holders in the Industrial sector, it can find itself faced with credit risk and liability risks. Further, environmental impact might affect the quality of assets and also rate of return of banks in the long-run. Thus the banks should go green and play an upbeat role to take environmental and ecological aspects as part of their lending principle, which would force industries to go for mandated investment for environmental management, use of appropriate technologies and management systems. This paper explores the developments of environmental concern in Indian banks, their environmental impact, and their role in the economy as a driving force for more proactive policies toward sustainable development. 1Introduction Banks and financial intuitions have played major role in the economic development of the country and most of the credit- related schemes of the government...
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...untapped markets and underserved sections of the society, engendering an inclusive and sustainable development. Classification: Responsible Banking at Yes Bank is divided into 2 broad categories, 1. Responsible Banking – in thought 2. Responsible Banking – in action Responsible Banking – in thought: This is a strategic unit that undertakes sustainability research and development activities in order weave sustainability principles into the Bank’s long term business strategy and ensure triple bottom line accountability. Responsible Banking – in action: This division comprises strategic business units entrusted to address pertinent social and environmental development issues with financial solutions. These units include: 1. Microfinance Institutions Group 2. Inclusive & Social Banking 3. Agribusiness & Rural Banking 4. Sustainable Investment Banking Inclusive & Social Banking (ISB): Its objective is to reach out to the un-banked and under-banked population (in urban and rural areas) by leveraging on branch network, technology edge and relationship capital in the Public, Private and Social sectors. Working with the guiding principle of Frugal Innovations for Financial Inclusion, ISB is continuously developing innovative business models such as YES SAMPANN and forging partnerships for seamless implementation for the same. Agribusiness & Rural Banking: Its objective is to provide end-to-end financial solutions to stakeholders across...
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...While green banking is not yet a key reason for most customers to select one financial institution over another, customer demands and greater environmental awareness are driving a number of financial institutions to go green. Environment is a key focus amongst ethical banks (in this field specially called sustainability or green banks) as well as amongst many conventional banks that wish to appear more ethically oriented or that see switching to more environmental practices to be to their advantage. In general bankers “consider themselves to be in a relatively environmentally friendly industry (in terms of emissions and pollution). However, given their potential exposure to risk, they have been surprisingly slow to examine the environmental performance of their clients. A stated reason for this is that such an examination would ‘require interference’ with a client’s activities. While the desire to not meddle in the business of the client is valid, one could also note that banks are required to interfere in the business of their clients regularly to ensure that the clients’ business plan is viable before issuing them a loan. The kind of analysis that all banks partake in is termed a single bottom line analysis (this analysis only considers financial performance). It is arguable whether or not performing a triple bottom line analysis (an analysis that takes into account environmental, social, and financial performance) would be any more intrusive in case of banking sector. As...
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...Submission of Report Proposal (Draft) Submitted to: ATM Jahiruddin Professor, Business Administration Discipline Submitted by: Prodyut Golder ID: 090303 4th Year 2nd Term Business Administration Discipline Khulna University 4th November, 2013 Name of the proposed report: “Green Banking Initiative of Bangladesh bank and Compliance of the Commercial banks” (A Case study based on Khulna City) Introduction: Bangladesh is a country of enormous opportunities. After its liberation war, it has rapidly changed its economic status and in spite of so many obstacles, recently it has introduced itself as a middle income country. But now, along with other countries of the world, it is facing some problems like- global warming, excessive use of carbon-di-oxide and CFC gas, and also some other climatic change and all these are a great threat to our economy. The green banking concept is relatively new in Bangladesh and yet to get momentum. Actually green banking is nothing but the operations of the banking activities giving especial attention upon the social, ecological and environmental factors aiming at the conservation of nature and natural resources. Banks can be green through bringing changes in six main spheres of banking activities (Rahman, et al. 2013). Those are Change in Investment Management, Change in Deposit Management, Change in House Keeping, Change in the Process of Recruitment and Development of Human Capital, Corporate Social Responsibility...
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...School of Business of SEU Submitted By Mohammad Azmir hossain ID: 2010010000004 Department: B.B.A. Date of Submission March 8, 2014 Introduction Bangladesh is a country suffering from immense social, political, economic and environmental issues and these issues need to be addressed for the overall development of this country. However, we all know that the peoples of the whole world are concerned about the environmental degradation, especially the rising of global temperature and thereby melting of glaciers and ice-berg in the polar region and consequently rising of sea level, which will directly affect the low lying countries of the world like Bangladesh. The world conscious people are also concerned about the increase of Green House Gases and Chlorofluorocarbons (CFCs) and thereby depletion of Ozone layer. As such, every person and especially the professionals must have greater role to check the environmental degradation. The contribution of the banking sector is playing significant role to save the environment through their CSR, investment or other activities. To save the environment, Green Management is the great initiative which is taken by bank all over the world. 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...
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...Brack Bank Corporate Vision Building profitable and socially responsible financial institution focused on Market and Business with Growth potential, thereby assisting BRAC and stakeholders to build a just, enlightened, healthy democratic and poverty free Bangladesh”. Corporate Mission Sustained growth in Small & Medium Enterprise sector Continuous low-cost deposit Growth with controlled growth in retail assets. Corporate Assets to be funded through self-liability mobilization. Growth in Assets through syndications and investment in faster growing sectors. Continuous endeavor to increase non-funded income Keep our debt charges at 2% to maintain a steady profitable growth Achieve efficient synergies between the bank’s branches, SME unit offices and BRAC field offices for delivery of remittance and Bank’s other products and services Manage various lines of business in a full controlled environment with no compromise on service quality Keep a divers, far flung team fully controlled environment with no compromise on service quality Keep a diverse, far flung team fully motivated and driven towards materializing the bank’s vision into reality Core Values Our Strength emanates from our owner - BRAC. This means, we will hold the following values and will be guided by BRAC as we do our work. Value the fact that one is a member of the BRAC family Creating an honest, open and enabling environment Have...
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...TERM PAPER ON GREEN BANKING AND ITS PRACTICES IN BANGLADESH Submitted to: Mrs.Dipannita Battacharjee Assistant Professor Department of Marketing Studies University of Chittagong Submitted By: M.Ariful Aziz Kanon 4th Year, BBA (Hons.) ID-07304020 Session: 2006-2007 Department of Marketing Studies University of Chittagong. Date of Submission: …… July 2012 Introduction: Green Banking is no more new concept in today`s world.The concept of Green is to minimize environmental degradation and making this planet habitable and its being used in Banking sector which is presently known as Green Banking.The concept of Green Banking was developed in the western countries. Green Banking is a general term, which can cover a multitude of areas from a bank being environmentally friendly to how and also where their money is invested. Green Banking refers and emphases on environmental-friendly practices and reducing carbon footprint from banking activities. A green bank is a bank that promotes environmental and social responsibility but operates as a traditional community bank and provides excellent services to investors and clients. Its progressive approach to the community and the earth makes it different from the crowd. A green bank is also called ethical bank, environmentally responsible bank, socially responsible bank, or a sustainable bank, and is expected to consider all the social and environmental factors. These...
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...and Hansen (2009: 105) suggest that ‘a strategy is a game plan for a business to achieve its objectives; a statement of long-range intent and direction than short-term actions.’ However, all organisations exist in dynamic markets therefore its strategy focus on its market, its customers and its value proposition, may have to be operationalised as short term activity, in response to external, industry, market, competitor and customer analysis; using tools such as portfolio analysis namely the Boston Matrix, Porter’s five forces, Grant’s key success factors, the Ansoff Matrix, a micro and macro-environment analysis, industry and segmentation analysis, market positioning analysis, innovation and new product development and the marketing mix. Presumably, every organisation would be responsible to its stakeholders and shareholders and formulate its strategy being informed by such business investigation/intelligence. In the absence of such information in the Capitec Bank: Low-Cost Banking for Joe Average case study (Townsend and Mosala: 2006), such is going to be assumed. The facts and figures from 2002 to 2006, point to the success in profit and volume growth of the Capitec strategy of ‘providing low-cost basic banking services to the lower to middle-income market, and to create a bank that offered everything to everybody.’ From public source information, the Fin24 and BusinessLive (2011) the focus on banking the unbanked remains a key national issue. While Capitec led market share...
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...Green Banking Initiative: Opportunities for Bangladesh Dr. S M Ahsan Habib Professor and Director (Training & Research), BIBM The paper was presented at a seminar on Green Banking at BIBM on October 14, 2010 Green Banking Initiative: Opportunities for Bangladesh I. Introduction Banks that were once seen only as profit motive institutions have been adjusting to a more demanding market and to a more conscious society over last two decades. An increasing number of banks around the world are going green by providing innovative green products that cover financial services to support the activities that are not hazardous to environment and help conserve environment. A green bank is also called an ethical bank, a socially responsible bank, or a sustainable bank. The exact meaning of all these titles may not be same however they cover a lot of common activities and perceptions. At least, all these banks- in various ways and at different times- have engaged themselves in making a better future (Merzio 2007). The approach to green banking (GB) varies from bank to bank, however, broad objectives of green banks are to use their resources with responsibility avoiding waste and giving priority to environment and society. The public concern of the state of environment has been growing significantly in the last few years, mostly due to apparently unusual weather patterns, rising greenhouse gases, declining...
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...industry by rewriting the rules of banking and personal finance. It has taken the interpretation of direct banking to a whole new level. The direct banking model, which aims to provide services remotely via telephone or online banking without relying on a physical branch network, has been prevalent since the late 1980s when UK’s Midland Bank established a subsidiary named First Direct – the world’s first fully functional direct bank. [1] However, the concept gained widespread prominence after the commercialization of internet in the 1990s. In the early 1990s, the first wave of adopters of the internet-enabled direct banking model were financial institutions such as USAA and First Security Savings Bank (Flagstar). [2] Towards the late 1990s, standalone ‘internet-only’ banks such as Security First Network Bank (US), First-e (Ireland), and mBank (Poland) commenced operations. Most of these ‘banks’ did not have a banking license and were therefore incubated and supported by conventional banks such as CommerzBank, and Banque d'Escompte. The aftermath of the early 2000s dot-com bubble impacted some of these early movers and dampened consumer enthusiasm towards fulfilling their banking needs online. However, starting in the mid-2000s, there was renewed interest in leveraging the internet for retail banking needs. Emergence of social platforms and e-commerce led to a shift in consumer behavior. Consumers were becoming more receptive to online banking. [3] This led to an emergence of...
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...change, disaster risk reduction, biodiversity, poverty reduction, and sustainable consumption. It also requires teaching and learning methods that can motivate and... Save Paper Travel And Tourism Bussiness Plan Business plan: As a part of Travel & Tourism AS course we had to organize a trip.From the first day we were a group of five persons.However,due to some... Save Paper The Virtual Office’s Impact On Employee Work-Life Balance And Business Sustainability 1 MGT 3201 The virtual offices impact on employee work-life balance and business sustainability Prepared for: Mr. Ray Hingst Submitted: 18 October 2013 Prepared... Save Paper Travel And Tourism UK, and over 200,000 small and medium-sized enterprises. People are employed in tourism right across the country, in every constituency, in cities, in seaside towns... Save Paper Energy For Sustainable Management: Unit 3 Assignment able to produce as much useful energy as they consume, the break-even point. Sustaining reactions that produce enough energy to make them a commercially viable power... Save Paper The Sustainability Of Bws Under Philippine Laws Sustainability of BWS under Philippine Laws (A Position Paper) The case of People v. Genosa in 2004 was a landmark case that allowed for the Philippine... Save Paper Can Coke And Pepsi Sustain Their Profits In The Wake Of Flattening Demand And The Growing Popularity... best rates for the majority of their needs. Coca-Cola and Pepsi can sustain their profits in spite...
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... Key findings: • Our research has shown that companies need to have management accountants in strategy-setting roles in order to achieve the best sustainability outcomes. • There is a worldwide move toward ‘integrative’ reporting incorporating non-financial as well as financial data. Management accountants are ideally placed to provide the alignment mechanisms and collaborate with senior management in producing fully integrated reports, reflecting sustainable strategies adopted by organisations which fulfil the needs of stakeholder groups. • Our results found that many management accountants are fulfilling their traditional role of financial specialist but not yet acting as collaborators in driving toward sustainability as a goal. • The survey showed that CIMA members had a higher rate of accountants participating in sustainability strategies than non-member companies but it was still a minority (12%) compared to the role of the managing director, environmental, human resources and marketing managers. • Like any other aspect of business, collection and analysis of good, issue-specific data is crucial to sustainability decisions. Sustainability requires accountants to monitor and manage non-traditional data to guide strategic decisions. Management accountants are ideally placed to fulfil this role. • Sustainability does not appear to be a good fit with annual reporting. Interviewees expressed a desire for a new way to report and some organisations had come up with innovative solutions...
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...Malaysia’s maiden Shariah-based institution. Since its inception, it has emerged as the symbol of Islamic banking in Malaysia and its vision to be “A Global Leader in Islamic Banking” illustrates the Bank’s status as the flag bearer of the country’s financial services industry (“the industry”). Bank Islam has been growing from strength to strength as evidenced by its financial performance and paid-up capital, which in turn, was instrumental in making the growth of its assets. Throughout the year, Bank Islam has been embarking on a number of expansion programmes with its involvement in, among others, notable transaction in Sukuk and Corporate Mandates. Living up to its pioneering spirit, the Bank has continued to provide innovative and enhanced products and services which has resulted in a growing number of customers seeing Islamic banking as a true alternative to conventional banking. This growing list of clienteles in addition to truly ground breaking and quality banking solutions have been recognised by the global industry which is reflected by the Bank's position as one of the top banks in the country. From the traditional financing, savings and investment types of products exclusively for individual customers during the early years of establishment, the range of Bank Islam’s Shariah-based financial products, services and business solutions has significantly expanded to cater to the fast-changing financial needs of customers from all...
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...Wilibrordus Armand Amadus 10/22/2010 Draft 3 Microfinance Effectiveness in Solving Banking Problem Have you ever tried to borrow some money from a bank? It is actually a very simple thing to do, since one of the primary services of banking practices is lending money. When you need some money under any circumstances, you can just go to the bank, fill in the application, and talk to the loan officer about why you need the money and how you can repay it on time. In a couple days he will let you know whether you are approved for the loan or not. Although the procedure may sound effortless, getting a loan from the bank is an arduous task to do. The most typical problem is that the loan officer does not think the borrowers will be able to regularly reimburse the credit because of many circumstances. This is exactly the same problem millions of penniless people have faced around the world. Standard banking practices consider that the underprivileged are not reliable to gain some credit. This condition creates a vicious circle of poverty: deprived people want to start businesses to get out of deprived condition; however they do not have those opportunities due to capital shortage and nobody is willing to lend the needed funds. Social entrepreneurs, people who utilize their entrepreneurial abilities to organize and manage a venture to make a social impact, have noticed this convoluted banking problem and have attempted to permanently bring the society into a better condition. They...
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...Customer Satisfaction On Environmental Friendly Banking “Green banking” On Dutch Bangla bank ltd. Research Paper on Customer satisfaction On Environmental Friendly Banking “Green banking” On Dutch Bangla bank ltd. Submitted To: Dr. Bishwajit Chandra Deb Chairman of BBA Faculty Associate Professor Dept. of Accounting & Information Systems Comilla University, Comilla Submitted By: Kazi Ayesha Akter Class Id: 0906019 Batch: 4th Session: 2009-10 Dept. of Accounting and Information Systems Comilla University, Comilla Letter of Transmittal September 03,2014 Dr. Bishwajit Chandra Deb Chairman Associate Professor Dept. of Accounting & Information Systems Comilla University, Comilla Subject: Submission of Research Paper on The Customer satisfaction On Environmental Friendly Banking “Green banking” On Dutch Bangla bank ltd. Dear Sir, By the grace of almighty Allah, the benevolent and merciful, your solitary help, I have been successful to complete the research on the study of “Research Paper on The Customer satisfaction On Environmental Friendly Banking “Green banking” On Dutch Bangla bank.” that you have asked to prepare. I have tried our best to make the research within the given time period. Though my intention was strong to make the best research, unfortunately there may be some mistakes. I hope that you will consider my mistakes with mercifully. Therefore, I sincerely, expect that you would be kind enough to accept my research paper for evaluation and oblige...
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