GREEN DEPOSITS: India’s Strategy within a Global Framework

Abstract

This study examines India's green deposit initiatives in the contemporary era of sustainable finance. India's approach to green finance efforts is critical as one of the fastest-growing economies and a key player in reaching the Sustainable Development Goals (SDG). The most recent are green deposits, which were adopted in 2023. This article discusses regulatory frameworks, specifically the RBI's (Reserve Bank of India) green deposits framework. A PESTEL analysis of green deposits in the Indian market and a comparative analysis of fixed and green deposits are also made for a few Indian banks and the performance of green deposits in other nations.