A comparative study of corporate social responsibility (CSR) of private and public sector banks
- Author Shravya Saxena
- DOI
- Country : India
- Subject : Development
Keywords : Corporate Social Responsibility, Public Sector Bank, Private Sector Bank
Abstract
Basically, CSR is the contribution of organizations towards the betterment of the Society. CSR is an important part for all the organizations to practice with their work. CSR is the initiative of corporates so as to assess and take the responsibilities for the company’s effect on environment and also the impact on the welfare of society. The purpose of this paper is to compare the work done by Private Sector Banks as well as Public Sector Banks in the field of Corporate Social Responsibility (CSR). This study is based on the primary data taken through Questionnaires from 12 Private Sector Banks like IndusInd Bank, ICICI Bank, HDFC Bank, etc and from 13 Public Sector Banks like State Bank Of India, Punjab National Bank, Bank Of Baroda, etc. in field of CSR section. Corporate Social Responsibility can be as the work that a company does so as to support socially, environment or community apart from their profit. Now it is becoming the necessity of companies to work in the field of CSR so as to add to their market value. The understanding and definition of Corporate Social Responsibility (CSR) has been changed from time to time and with people to people. Definition of Corporate Social Responsibility (CSR) was defined by different people in the different ways. In the present time, most of the companies whether the corporate sector or banking sectors are working in this field to increase their Market Value and to help in development of India.
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