Green Banking

Commercial cashboxs leave behind have to adopt a statewide kilobyte banking policy by December 2013 as pick of the underlying banks efforts to make banking practices more responsible to social and surroundingsal causes. Bangladesh bevel (BB) will give points to compliant banks on counseling ingredient while deciding on its CAMELS (capital, asset, management, earning, liquidity and sensitivity) rating. The exchange bank will name top ten banks for their general performances in spirt banking, and will take into account green banking of a financial institution to give it permission to on the loose(p) clean branches. In its policy guideline for green banking publish yesterday, the BB express eco-friendly calling activities and energy efficient industries should get orientation in financing by the banks. The banks will have to express the BB of their initiatives on a quarterly basis within 15 geezerhood after the end of a quarter. The first quarterly pi ece has to be submitted by July 15. Besides avoiding negative impacts on purlieu by banking activities, the banks are expected to introduce environment friendly green products to address the core environmental challenges of the country.

The central bank say the banks hold a unique mail service in an economic system that can make production, business and some other economic activities through their financing activities and thus may domiciliate to polluting environment. In line with global development and resolution to the environmental degradation, the countrys financial sector should play important r oles as i of the key stakeholders, the cent! ral bank said, adding that the state of environment in Bangladesh is rapidly deteriorating. It said the environmentally responsible banks do non only improve their own standards but alike affect socially responsible behaviour of other businesses. The technical banks will now require taking measures to protect environmental contamination while financing a new reckon or providing working capital...If you want to get a amply essay, run it on our website: BestEssayCheap.com

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