Review on Impact of AI on Green Banking Towards Sustainability with Special Reference to Indian Public and Private Sector Banks

Abstract : Public and commercial banks in India are leading the way in green banking's use of artificial intelligence (AI), which is changing the way the financial industry views sustainability. This review examines how AI-driven technologies contribute to environmental responsibility, enhance operational efficiency, and promote sustainable practices within banking institutions. AI applications such as predictive analytics, blockchain for secure transactions, and data-driven decision-making are increasingly enabling banks to minimize environmental impact, reduce paper usage, and optimize energy consumption. Public sector banks, driven by governmental mandates, are adopting green banking practices to align with India's sustainability goals, while private banks are leveraging AI innovations to gain competitive advantage and meet consumer demand for eco-friendly services. The paper highlights the comparative impact of AI in green initiatives across both sectors and provides insights into the review underscores the importance of policy support, digital infrastructure, and collaborative efforts for AI-enabled green banking to foster a sustainable future in the Indian banking sector