Title:
POTENTIALITY OF REMOTE SENSING IN ENVIRONMENTAL RISK ASSESSMENT BASED ON GUIDELINES BY BANGLADESH BANK

Authors:
Syed Abdullah Al Noman, Mohammed Sadman Sakib, Md Tauhedul Islam & M Rahat Bin Alam, Bangladesh

Abstract:

Purpose- This paper proposes a thorough investigation of the impact of the potentiality of remote sensing in environmental risk assessment based on the guidelines of Bangladesh Banks. This study aims to explore the issues arising from any uncertain natural calamities which might be prevented through remote sensing by detailed examination in the banking venues in Bangladesh which might prevent immeasurable loss and also to conclude the necessity of remote sensing in the banking sector which might be a better alternative solution for prevention driving to added advantages.

Methodology- The study is qualitative in nature. For the study several literatures, Article and Websites were reviewed. The worth amount was reserved form the organizations conducting required tests and generating reports. The objective was to introduce Remote sensing in the sector of Banking and Financial organizations and the advantages of the method.

Findings- From the study the results were that for preliminary environmental assessment for financial institutions to evaluate lands or properties remote sensing can be an effective tool and method than ground survey. It is a cost-effective solution as well as less time consuming compared to the other tools and methods. As the central bank of Bangladesh issues a guideline where the financial institutions need to conduct environmental assessment before providing loans or finance. This tool and method can be effective for the financial institutions of Bangladesh. 

Practical Implications- The identification of the role of remote sensing in financial institutions of Bangladesh for efficient preliminary environmental assessment which may guide the institutions to undertake their actions of providing loans or financing with reduced risk.

Originality- This study is the initial attempt to show the potentiality of remote sensing in the financial institutions of Bangladesh and the efficacy of the tool and method which can reduce the financing risks.