Asian Journal of Research in Banking and Finance
Year : 2017, Volume : 7, Issue : 4
First page : ( 10) Last page : ( 16)
Online ISSN : 2249-7323.
Article DOI : 10.5958/2249-7323.2017.00016.5

Corporate social responsibility in rural development: A case of bank of Maharashtra

Dr. Honrao Parmeshwar M.

Assistant Professor, Shri Sant Damaji College, Mangalwedha, Solapur, Maharashta, India, parmeshhonrao@gmail.com

Online published on 17 April, 2017.

Abstract

As corporate are profit making organizations basic assumption is that they should be sensitive to the needs of communities. The concept of corporate social responsibility (CSR) has wider scope. The banks are one of the major stakeholders in the financial sector. Through its huge network of branches and profits the banking sector is one of the major corporate in India. Considering this Reserve bank of India has issued guidelines to banks regarding CSR, Advised that the banks should frame their policies on CSR. This paper light on the social issues focused by banks, strategies adopted to implement CSR and social development. The main objective of the study is to analyze the corporate social responsibility (CSR) activities carried out by Bank of Maharashtra. The study is based on the secondary data taken from the annual reports of the bank and RBI data.

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Keywords

Corporate social responsibility, Banking Sector, CSR Activities.

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