CORPORATE SOCIAL RESPONSIBILITY INITIATIVES AND DISCLOSURE PRACTICES BY TOP 6 PUBLIC SECTOR AND PRIVATE SECTOR BANKS IN INDIA

The Indian government had recommended that all Indian businesses devote 2% of their income to charitable causes. It generates US$ 2 billion (or $87 billion) annually. Government mandates are not necessary. The present study selected with top 6 banks of that, 3public sector and 3 private sector banks were selected for analyses of CSR activities in India. Data were collected from the secondary sources through annual reports and websites of the respective banks. The present study focuses on disclosure of CSR activities annual reports and websites of the respective banks. CSR activities are mostly carried out in the fields of education, community welfare, and rural development in the case of public sector banks. On the other hand, banks in the private sector focus more on activities relating to community welfare, education and rural development.