Impact of CSR on Indian Banking Sector

Corporate Social Responsibility has gained enormous significance in the recent times. CSR practicing by the Indian banks helps in their strategic decision making. This paper explains the CSR practices of Indian banks and found that banks are doing excellent job in the field of CSR. An attempt has been made in this paper to list some CSR practices by Indian public sector banks and private sector banks like HDFC bank, AXIS bank, State Bank of India, IDBI bank. These following banks are directly involved in CSR activities like education, Health and Hygiene, Rural development, MSME growth, Women and Children welfare etc. These findings are the result of researcher's observation and empirical efforts in these banks. This paper shows that these banks applying efforts to implement CSR activities but are limited to some extent because they mainly cover health, education, women empowerment, health. This paper suggests the other possible areas in which the bank can add value with expanding the CSR activities to more socio-economic and development field across different sectors and level of population.