Abstract

Sustainable Finance is a comparatively new development in the Banking sector. Financial institutions support eco-friendly investments and provide preference to sectors that have already switched to a greener economy or are making an effort to do so. Sustainable Finance is fundamental and paramount; it allows us to provide conditions for implementing sustainability initiatives. In this study, we audit the role of Sustainable finance advancements in India and how the Indian banking sector can contribute toward SDGs. The methodology used is a theoretical framework based on updated literature reviews on sustainable Finance. Secondary sources include the reports on SDGs 2022, Responsible banking, Sustainable Finance, and Reserve Bank of India notifications. The survey's findings demonstrate the significance of "going green" and the urgency of promoting sustainable funding. For this move, the banks could alter the legal framework, promote sustainable banking products, or incorporate climate change considerations into their monetary and financial policy operations.

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