A Comparative Study on the CSR Activities of Public and Private Sector Commercial Banks

Nabasmita Bordoloi, Kalyan Mukherjee
International Journal of Interdisciplinary Research in Science Society and Culture(IJIRSSC)   unpublished
Corporation is an integral part of the society. Its development and prosperity depends on the various stakeholders of the society. The failure or success is totally depends on the society. These corporate houses receive all the required inputs from the society. Their products or services are too consumed by the society. This creates an ample scope for the corporate houses to think and act for the betterment and sustenance of the society and its stakeholders. These Responsibility of Corporate
more » ... ses can be termed as "Corporate Social Responsibility". CSR in India has been continuously influenced by the different national and international level guidelines and notification issued by different authorities time to time. However, the guidelines issued were voluntary in nature. It was not compulsion for corporate house to practice CSR. So, whatever they were practicing, were voluntary act of the corporate houses. However, the Companies Act, 2013 has brought a drastic change in the CSR practices in India. The provision of the said Act made CSR activities compulsory for the certain categories of companies in India. Through the present study researchers have drawn a comparison of CSR practices of select corporate public sector commercial banks and private sector commercial banks.
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