Online ISSN: 2515-8260

A study related to the Impact of ESG Factor on Financial Performance of Banks

Main Article Content

Stuti Gautam1 and Dr.Hari.Prapan Sharma2

Abstract

The purpose of the present study is to examine how Environment, Social, and Governance (ESG) factors impacted the financial health of private banks in India. The study is important as it help to ascertain impact of ESG on financial performance of private banks in India.The article also undermines Return on Asset and Net profit ratio using stratified and random sampling method to evaluate the ESG‟s impact on the financial performance of Banks and makes suggestions for data sampling based on assumptions it formulates. The article compares the ESG ratings of private banks, drawing attention to the most salient strengths and flaws of these Banks' ESG practices. According to the findings of this study, a bank's market value is the best metric for measuring the impact of ESG aspects on its performance. The study plans to ascertain the impact of ESG on financial performance of Indian private banks usingstatistical tools and techniques, putting to test the hypotheses that were formulated.

Article Details