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Corporate Social Responsibility Practices of Banking Sector in Bangladesh: An Evaluation

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  • Md. Shajedul Islam

    (North Bengal International University, Rajshahi, Bangladesh.)

Abstract

The banking sector of Bangladesh has been emphasizing on corporate social responsibility for the past few years. The main reason for this position is that the banking sector seeks to maintain a balance between their activities and society through corporate social responsibility. Therefore, this study aims to analyze the corporate social responsibility activities conducted by various scheduled banks of Bangladesh such as State-owned Commercial Bank(s), State-owned Development Bank(s), Private Commercial Bank(s), and Foreign Commercial Bank(s). The study is based on secondary data taken from Bangladesh Bank publications from 2018 to 2021. From this survey, it is seen that almost every bank is engaged in corporate social responsibility activities. Among all the scheduled banks, private commercial banks contribute comparatively more money than other banks. It is further observed from this study that the banking sector of Bangladesh is mainly involved in corporate social responsibility activities through contributions in disaster management, education, health, cultural welfare, environment, infrastructure development in remote areas, income generation activities for the deprived population and others sectors.

Suggested Citation

  • Md. Shajedul Islam, 2023. "Corporate Social Responsibility Practices of Banking Sector in Bangladesh: An Evaluation," International Journal of Science and Business, IJSAB International, vol. 18(1), pages 153-164.
    • Handle: RePEc:aif:journl:v:18:y:2023:i:1:p:153-164
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    References listed on IDEAS

    as
    1. Masud, Abdul Kaium, 2011. "CSR practices of private commercial bank's in Bangladesh: A comparative study," MPRA Paper 35496, University Library of Munich, Germany.
    2. Kamal, Mona, 2013. "The Role of Corporate Social Responsibility (CSR) in the Egyptian Banking Sector," MPRA Paper 44697, University Library of Munich, Germany.
    3. Md. Musharof Hossain & Monir Ahmmed & Md. Kazi Golam Azam & Serajul Islam & Md.Faruk Bhuiyan & Md. Ahasanul Hoque, 2020. "Disclosure Practices Regarding Corporate Social Responsibility (CSR) of Some Listed Companies: Evidence from Chittagong Stock Exchange, Bangladesh," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(5), pages 526-535.
    4. Md. Musharof Hossain & Monir Ahmmed & Md. Kazi Golam Azam & Serajul Islam & Md.Faruk Bhuiyan & Md. Ahasanul Hoque, 2020. "Disclosure Practices Regarding Corporate Social Responsibility (CSR) of Some Listed Companies: Evidence from Chittagong Stock Exchange, Bangladesh," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(5), pages 526-535, May.
    5. Robert C. Merton, 1995. "A Functional Perspective of Financial Intermediation," Financial Management, Financial Management Association, vol. 24(2), Summer.
    6. Krisztina Szegedi & Yahya Khan & Csaba Lentner, 2020. "Corporate Social Responsibility and Financial Performance: Evidence from Pakistani Listed Banks," Sustainability, MDPI, vol. 12(10), pages 1-19, May.
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