A Study on the Role of Fintech in Accelerating Green Finance with Reference to Public Sector Banks

The rapid advancement of Financial Technology (Fintech) has created new opportunities to improve the effectiveness, accessibility, and scalability of financial services. Investments that support environmental sustainability, such as carbon reduction programs, renewable energy projects, and sustainable infrastructure development, are referred to as green finance. Public sector banks are in a good position to promote sustainable financial practices because of their extensive reach and important role in financial inclusion. Public sector banks are major players in the Indian banking system. With their vast networks and trust among the public, they have the potential to drive green finance initiatives on a large scale. Through increased transparency, lower transaction costs, and improved risk management, fintech innovations like digital platforms, blockchain and artificial intelligence are reshaping green project financing. This also addresses the obstacles of integrating fintech-driven green finance in public sector banks, including stakeholder ignorance, technological limitations, and regulatory concerns. The objective of the findings is to provide an understanding of how public sector banks can be better positioned to support the shift in the economy and achieve sustainable development by utilising fintech.