Corporate Social Responsibility: A Comparative Analysis between SBI & ICICI Bank in India

Abstract

In the development of nation banking industry has a greater role, not only as building the financial system of the nation but also by contributing towards the society. Corporate social responsibility becomes an essential part for the success of any corporation. In order to sustain in this cut throat competitions, every corporate has to perform its responsibility towards society as it integrates economic, social, ethical and environmental objective of business while addressing the expectation of stakeholders. This paper aims to study the CSR activities done by private and public bank and compare the CSR spending by the sample bank from the year 2008-09 to 2018-2019. It has been found that after mandatory implication of CSR by companies’ ACT 2013, the banks are spending more and reported the CSR activity in an organised manner.