Abstract

In the present times Corporate Social Responsibility (CSR) plays a major role in banking and other sectors in achieving their objectives. In India the companies are adopting Corporate Social Responsibility (CSR) practices at a very fast rate due to their ethical standards as well as due to the requirements of the law. The companies are aware about their critical role in the society. The banking sector is no exception in this context. They are also adopting Corporate Social Responsibility practices. The public as well as private sector banks have already initiated many social and economic welfare programs which includes community welfare, education, environment protection, poverty eradication, health and medical care, rural area development etc. In the present study the Corporate Social Responsibility practices of banks has been studied. For this purpose, one bank from public and one from private sector has been selected. The public sector bank chosen for the study is State Bank of India and HDFC Bank has been selected from the private sector banks. The study analyzed and compared the total expenditure incurred by the banks on various Corporate Social Responsibility activities. The study found that both the banks have increased their spending on corporate social responsibility activities.

Keywords: Corporate Social Responsibility, Banking sector, Public and Private Sector Banks

Impact Statement

In the present times, Corporate Social Responsibility is of utmost importance for every organization. This paper was undertaken to study the trend of corporate social responsibility expenditure of selected public and private sector banks in India. The trend of spendings was analyzed with the help of financial tools, graphs and charts. Further, this research work assists in comparison of public and private sector banks and their sensitivity towards the society. This study helps us in evaluating the performance of public and private sector banks in terms of their Corporate social Responsibility.

About Author

Dr. Jagmeet Kaur is an Assistant Professor in the Post-Graduate Department of Commerce, Guru Nanak College, Sri Muktsar Sahib. She has 14 years teaching experience of under graduate and post graduate classes. She specializes in Finance and Banking. She has published 13 research papers in Peer-reviewed and UGC-Care List Journals of National and International repute. Also, she has presented research papers in 34 international and national seminars and conferences. She is a lifetime member of Indian Accounting Association. She has acted as a resource person in national conferences as well.

Cite this Article

APA (7th ed.): Kaur, J. (2024). A Study on Corporate Social Responsibility of Selected Public and Private Sector Banks in India. Edumania-An International Multidisciplinary Journal, 2(3), 55–62. https://doi.org/10.59231/edumania/9055

Chicago (17th ed.): Kaur, Jagmeet. “A Study on Corporate Social Responsibility of Selected Public and Private Sector Banks in India.” Edumania-An International Multidisciplinary Journal 2, no. 3 (2024): 55–62. https://doi.org/10.59231/edumania/9055.

MLA (9th ed.): Kaur, Jagmeet. “A Study on Corporate Social Responsibility of Selected Public and Private Sector Banks in India.” Edumania-An International Multidisciplinary Journal, vol. 2, no. 3, 2024, pp. 55–62. https://doi.org/10.59231/edumania/9055.

Statements & Declarations

Peer Review: The academic rigor and contribution of this research on corporate social responsibility in the banking sector have been validated through a rigorous and independent peer-review process conducted by experts in the discipline.

Review Type: This manuscript was reviewed under a double-blind peer review model. This process, administered by the editorial team, ensured that the identities of the author (Jagmeet Kaur) and the reviewers were kept confidential from one another. The review was conducted by subject experts in corporate social responsibility, banking and finance, and business ethics.

Competing Interests: The author, Jagmeet Kaur, declares that there are no financial, professional, or personal competing interests that could be perceived to have biased the work presented in this manuscript.

Data Availability: The datasets generated and analyzed during the current study, including annual reports and CSR documentation from selected banks, are available from the corresponding author, J. Kaur, upon reasonable request. All data sources are secondary and have been cited appropriately within the article.

Funding: This research received no specific grant from any funding agency in the public, commercial, or not-for-profit sectors. The work was completed as part of the author’s institutional duties at Guru Nanak College, Sri Muktsar Sahib, and personal scholarly effort.

License: This article is an open-access article distributed under the terms and conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives (CC BY-NC-ND) 4.0 International License. This license permits copying and redistribution of the material in any medium or format for non-commercial purposes only, provided the original work is properly cited, and it does not permit adaptation or remixing of the material.

Ethical Approval: Ethical approval was not required for this study, as it is based on secondary data analysis of publicly available corporate documents and did not involve the collection of data from, or experimentation on, human subjects or animals. The work adheres to the highest standards of academic integrity and research ethics in business and management research.

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