AN EXTENSIVE OVERVIEW OF CORPORATE SOCIAL RESPONSIBILITY IN INDIAN NATIONALIZED BANKS

Shah Shraddha

AN EXTENSIVE OVERVIEW OF CORPORATE SOCIAL RESPONSIBILITY IN INDIAN NATIONALIZED BANKS

Authors: Shah Shraddha

Unique Paper ID: 164625
Volume: 10
Issue: 12
PageNo: 2393-2399

Keywords: CSR Indian Nationalised Banks Regulatory Framework Implementation Strategies Impact Assessment Challenges Future Directions

Abstract:
To highlight the crucial role that corporate social responsibility (CSR) plays in the advancement of society and the environment, this study explores the changing landscape of CSR in Indian nationalized banks. These banks, which were nationalized in 1969 and 1980, incorporated corporate social responsibility (CSR) into their core values, emphasizing financial inclusion, healthcare, education, and environmental preservation. The Companies Act of 2013 (Srivastav, n.d.), which required structured corporate social responsibility (CSR) engagement and ensured accountability and transparency (Srivastav, n.d.), provided the regulatory impetus, as the analysis highlights. Notwithstanding the noteworthy influence of these endeavors, obstacles like expandability, gauging efficacy, and harmonizing corporate social responsibility with fundamental business tactics endure (Srivastav, n.d.). The study also looks at potential future paths, highlighting how technology and collaborative models can improve CSR results. Using this thorough analysis, the research highlights the critical role nationalized banks have played in India's sustainable development and pinpoints areas where their corporate social responsibility (CSR) initiatives still need improvement (Srivastav, n.d.).

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ISSN: 2349-6002
Volume: 10
Issue: 12
PageNo: 2393-2399

AN EXTENSIVE OVERVIEW OF CORPORATE SOCIAL RESPONSIBILITY IN INDIAN NATIONALIZED BANKS

Available:https://ijirt.org/Article?manuscript=164625

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