Green banking practices of Agrani Bank Limited

Abstract

Green banking aims to halt environmental damage and improve the livability of this world. This comes in a variety of forms. Providing cutting-edge green products, such as using online banking instead of branch banking, paying bills electronically rather than by mail, getting green mortgages, green credit cards, and green money market accounts from online banks rather than from big multi-branch banks, or locating the neighborhood bank in your area that is doing the most to support neighborhood green initiatives. The major foundational element of green banking is corporate social responsibility. To accomplish the aim of green banking, banks must collaborate closely with the government, non-profit organizations, International Financial Institutions (IFIs), central banks, consumers, and business communities. Additionally, green banking is thought of as sustainable banking, which plays a role in protecting the earth from environmental deterioration to ensure sustainable economic growth. One of the major drivers of the economies of developing nations is commercial banking. Agrani Bank emerged as a nationalized commercial bank in 1972 immediately after the emergence of Bangladesh as an independent state by combining two Pakistani banks Commerce Bank and Habib Bank. After that, it became a Public Limited Company on May 17, 2007. This report focuses on the importance of green banking to make banking processes easier. After that, it displays the analysis of competitiveness and industrial positioning which can help the bank identify its weak points and work on them. I have been working from 17 September 2023 to 28 December 2023. Offering consumers prompt and honest service includes opening new accounts, sending bank drafts, paying orders, and opening online banking applications so that they can get 24/7 banking money transfer services even during the holidays and other services like receiving deposits from a variety of sources and invests the deposit money with the customer who puts up the best effort, time, and energy to make a profit. Fundamentally, green banking depends on electronic transactions to perform transactions and avoids producing as much paper as possible. Green banks establish and put into practice environmental lending guidelines. Additionally, it can help to direct the bank to establish a strong competitiveness.