• RAVIPRAKASH T.B

The activities of banks have direct as well as indirect links with sustainable development or environmental degradation (Mishra & Bisht, 2018). By creating positive externalities banks can contribute for sustainable development or by creating negative externalities banks can contribute for environmental degradation. Accordingly, the green banking practices of banks have positive implications for sustainable development (Ambrosius, 2017). Therefore, green banking has greater role to play in ensuring sustainable development. Demonetization of high value money in India has been made staggering impact on the Indian economy as well as on people. Theoretically, demonetization is the act of reserve bank of India with the consent of government of India. Intuitively, government has no role to play with demonetization. But, demonetization has indirect effects on the economy may be positive or negative. Therefore, it is the responsibility of both government of India and reserve bank of India, in order to make use of demonetization to create positive derivatives for the Indian economy. Accordingly, realization of benefits of demonetization is invariably depends on e-banking, green banking, cashless economy and less cash economy. Therefore green banking has vital role in reconstruction of the economy.

Green banking practice, Sustainable development, Environmental, Demonetization

"Empirical Estimation of Effectiveness and Implications of Green Banking System in Re-monetizing Economy with special reference to Southern Karnataka", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 1, page no.485-500, January-2019, Available :http://www.jetir.org/papers/JETIR1901969.pdf

"Empirical Estimation of Effectiveness and Implications of Green Banking System in Re-monetizing Economy with special reference to Southern Karnataka", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 1, page no. pp485-500, January-2019, Available at : http://www.jetir.org/papers/JETIR1901969.pdf