Regenerative banking is an emerging approach that seeks to move beyond the conventional logic of banking, green finance, and ESG risk management, and to redefine the role of banks in regenerating socioecological systems. Nevertheless, the dimensions and drivers shaping this approach remain dispersed and lack a coherent conceptualization in existing literature. This study aimed to identify and synthesize the core dimensions and the drivers underlying the emergence and development of regenerative banking. In terms of its approach, the study was qualitative; methodologically, it was based on inductive qualitative content analysis of scholarly studies addressing regenerative banking and related concepts. The data were coded, compared, aggregated, and abstracted in successive stages. The resulting driver categories were subsequently reviewed, refined, and clustered through the judgment of a group of experts in banking, finance, economics, sustainability, and financial policymaking. The findings indicate that regenerative banking is multidimensional and can be conceptualized across six dimensions: environmental–circular, social–community-oriented, institutional–governance, functional–financial, technological–transformational, and strategic–systemic. Its drivers were also organized into three clusters—transition pressures and imperatives, transition-orienting forces, and transition enablers—which respectively represent the rationale, direction, and capacity required to realize this transformation. Overall, the distinctiveness of regenerative banking lies not only adding a new social or environmental objective, but in the simultaneous and interconnected reconfiguration of value-creation logic, capital allocation, governance, technology, and strategy toward the regeneration of socioecological systems. This conceptualization can provide a foundation for developing diagnostic frameworks, evaluation indicators, and future empirical studies in the field of regenerative banking.