A Comparative Study of CSR Spending among selected Banking Companies

Author:Surbhi Yadav*

Abstract:
A growing number of studies have investigated the various dimensions of Corporate Social Responsibility (CSR) in the literature. However, relatively a few studies have considered its impact on Banking Sector Companies. The purpose of this study is to compare whether variables of CSR spending are different in Public Sector and Private Sector Banking Companies. The Study was conducted in three banks two from public sector (SBI and Indian Bank) and one from private sector (HDFC Bank). Present study is based on secondary sources basically data were collected from Annual Reports of selected banks. As predicted, the findings from the study indicated significant positive correlations between selected banks’ CSR spending. Moreover the variables (Education and Health) are common regarding CSR spending. Based on the literature, two hypotheses were tested with the help of rank test and correlation. The results indicate that there is no significant difference between fund allocation and Net Profit; and there is no significance difference among private and public sector Banks regarding fund allocation.

Keywords:Key words: Corporate Social Responsibility; Banking Sector Companies; Variables of CSR spending; SBI, Indian Bank & HDFC Bank.

DOI:

International Journal of Trade & Commerce (Vol: 8 Issue:1)