Green Banking Prospects in Bangladesh

Authors

  • Md. Mustafizur Rahman Rajshahi University
  • Md. Ali Ahsan University of Information Technology & Sciences (UITS)
  • Md. Motahar Hossain University of Information Technology & Sciences (UITS)
  • Meem Rafiul Hoq University of Information Technology & Sciences (UITS)

DOI:

https://doi.org/10.18034/abr.v2i2.112

Keywords:

Green Banking, Green Policy, Green Products

Abstract

Green banking is the operation 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. 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 (CSR), and Making Consciousness Among Clients and General Mass. Such an initiation can ensure a safe residence for upcoming generation. Bangladesh Bank has already issued circulars regarding this. Banks have already been asked to make their own green banking policy. Now we only need raising voice, keeping hand over hands, thinking in positive way and working in collective manner to make this a true.

 

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Author Biographies

Md. Mustafizur Rahman, Rajshahi University

M.Phil (Fellow), University of Rajshahi, Rajshahi, BANGLADESH

Md. Ali Ahsan, University of Information Technology & Sciences (UITS)

Lecturer, School of Liberal Arts & Science, University of Information Technology & Sciences (UITS), Rajshahi, BANGLADESH

Md. Motahar Hossain, University of Information Technology & Sciences (UITS)

Senior Lecturer, School of Business, University of Information Technology & Sciences (UITS), Rajshahi, BANGLADESH

Meem Rafiul Hoq, University of Information Technology & Sciences (UITS)

Lecturer, School of Business, University of Information Technology & Sciences (UITS), Rajshahi, BANGLADESH

References

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Hayder, M.M. 2012. Green Banking and its Practices in Bangladesh. Term Paper, Department of Finance and Banking, University of Chitta-gong. 35pp.

Hossan, F. 2012. Green Banking. The Daily Star. 18 November 2012.

Khan, M.T.A. 2012. Green Banking: go green, think green. http://www.thedailystar.net/ suppli-ments/2012/environment/pg1.htm. 08 February 2013.

Millat, K.M. and Others 2012. Green Banking in Bangladesh Fostering Environmentally Sustainable Inclusive Growth Process. http://www.bangladesh-bank.org/pub/ spe-cial/greenbankingbd.pdf. 31 December 2012.

Rashid, M. 2010. Eyes on Green Banking. http://www.thedailystar.net/newDesign/news-details.php?nid=141510. 08 February 2013.

Schultz, C. 2010. Green Bank Report. http://greenbankreport.com/green-bank-deals/what-is-the-meaning-of-green-banking/. 08 February 2013.

Ullah, M.M. 2010. Green Banking in Bangladesh- A Comparative Analysis. http://www.wbiconpro.com/610-Maruf.pdf. 20 February 2013.

Wikipedia. 2013. Ethical Banking. http://en.wikipedia.org/wiki/Ethical_banking. 08 February 2013.

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Published

2013-06-30

How to Cite

Rahman, M. M., Ahsan, M. A., Hossain, M. M., & Hoq, M. R. (2013). Green Banking Prospects in Bangladesh. Asian Business Review, 2(2), 117–121. https://doi.org/10.18034/abr.v2i2.112

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Articles