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An analysis of csr spending in banking sector in india

Author: 
Namrata Singh, Dr. Rajlaxmi Srivastava, Dr. Rajni Rastogi
Subject Area: 
Social Sciences and Humanities
Abstract: 

The banking sector is considered the backbone of an economy and the performance of the sector is a measure for the performance of the whole economy. Apart from the basic banking services now a day’s banks are also involved in the social services and these services are termed as Corporate Social responsibilities. All the Public and Private Banks have their own priority sectors for spending the CSR amount such as healthcare, disaster relief, financial literacy , education and vocational skills and many more are there. A new act has been made for the Corporate Social Responsibility under section 135 of the company’s act 2013. In this paper 19 banks are selected for the study. This paper mainly focuses on the key provisions of this act and giving emphasize on the actual spending on CSR by Banking Sector in financial year 2013-2014.The study also tries to cover the gap between public sector banks and private sector banks with respect to CSR spending.

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