Corporate Social Responsibility of Indian Banks

Corporate Social Responsibility is in terms of expenditures which the banks or other registered companies incur either following the government ordinance or guidelines or sometimes on their own. The CSR expenditure is an additional amount used for welfare activities which benefit the society at large. In this study we focus on twelve banks. These include six banks each from Indian public sector and private sector banks. We carry out analysis using data for 2015-21 for these banks. We intended to explore the focus of CSR expenditure of the selected twelve banks. We observed diversity in the CSR expenditure pattern of public sector banks and their focus differs relative to private sector. Our analysis of private sector banks indicate priority within health, education, and residually among other areas. We further found that: CSR expenditure on Health and sports also plays a possibly positive role in increasing PAT, number of CSR projects are influenced positively by its urban branches and there has been an increasing amount being spent on education which also includes financial literacy programmes.