A COMPARISON OF CSR PRACTICES OF SELECTED INDIAN AND FOREIGN BANKS

Abstract

The Companies Act, 2013, which was passed in India, formalised corporate social responsibility (CSR). In a developing nation like India, corporate social responsibility is crucial. Companies that participate in CSR typically have a stronger impact on the neighbourhood. When CSR is practised, both the public's opinion of a company and its standing in the marketplace are enhanced. By taking deposits and disbursing money to other industries and people, banking institutions in India's service sector support the national economy. Public banks are free to donate to a fund for CSR initiatives even if it is not required by law for them to do so. It is intriguing to see how Indian banks use CSR funds wisely. Exploring a few Indian domestic and foreign banks' CSR practices. In this article researcher has been selected top 3 foreign banks working in India, 3 private banks and the top 3 public banks contributing to CSR.