Manuscript Title:

MAJOR RESEARCH PROBLEM IDENTIFICATION ON CORPORATE SOCIAL RESPONSIBILITIES OF INDIAN PUBLIC BANKS FOR PROVIDING POTENTIAL SUGGESTIONS

Author:

Dr. R THAMILSELVAN, MOOKAMBIGAI

DOI Number:

DOI:10.5281/zenodo.12798272

Published : 2024-07-23

About the author(s)

1. Dr. R THAMILSELVAN - Associate Professor, Sathyabama Institute of Science and Technology
2.MOOKAMBIGAI - PhD Scholar, Sathyabama Institute of Science and Technology.

Full Text : PDF

Abstract

Corporate social responsibility, or CSR, is a regulatory measure followed by private and public companies to enhance the social wellness of the citizens. As the name indicates, corporates behave in a manner exhibiting their responsibility to society. With more and more countries adopting capitalism and the increase in globalization and development of multi-national companies, a major share of resources in the country gets allocated to such companies. It is important to develop social responsibility for the companies; through this, the social well-being of the people could be attained. One of the important aspects of CSR is the corporate's financial responsibility, which is carried out through various investment programs, philanthropic activities, and R&D. While speaking about financial responsibility, it is no surprise that banks are major financial institutions that play a lead role in attaining it. Banks are licensed to deal with financial activities through various services like deposits, credit, exchange, and management under the regulation of the country's central bank. The Central Bank is the monitoring and regulating agency that controls the monetary services in the country. Most small and medium scale industries are credit dependent for their survival and employ a major percentage of the lower middle-class people. Banks play a major role in the upliftment of the rural economy. So, it is crucial to improve the banks' corporate social responsibility. This paper aims to analyze the CSR of the public and private banks in India through the data obtained from secondary sources.


Keywords

Corporate Social Responsibilities, Private Bank, Public Bank, Financial Help, Company Responsibilities for Social, Bank, and Society