Corporate Social Responsibility of Commercial Bank in Bangladesh: A Comparative Study on Nationalized and Private Banks

Abstract

Corporate social responsibility (CSR) refers to strategies corporations or firms conduct their business in a way that is ethical, society friendly and beneficial to community in terms of development. This research analyses the meaning of CSR based on some theories available in literature. CSR is evolving in its meaning and practice. The research discusses the role of CSR in community development. CSR movement has gathered great momentum over the past number of years and is now regarded as being at this most prevalent. CSR is presently one of the most discussed topics. The purpose of the study is to provide deep understanding about CSR benefit, accountability and show steps taken by the government. The study has been taken to observe different CSR areas of nationalized and private commercial banks and its contribution. This study found CSR practices of nationalized and private commercial banks. The study reveals that nationalized and private commercial banks are trying to swell their contribution in accordance with their performance.

Corporate Social Responsibility Strategy Implementation: A Global Overview

“…To achieve social responsibility, the organizations are trying to have an edge between business and society (Bikshapathi, 2014). A properly implemented corporate social responsibility strategy can bring a long a mixture of competitive advantages, such as enhanced entry to capital and markets, improved sales and profits, reduction in operational costs, better productivity and quality, efficient human resource base, improved brand image and reputation, enhanced customer loyalty, better decision making and risk management process (Islam & Hasan, 2016).…”

“…Under the developing countries corporate social responsibility application in the reasonable criteria like Bangladesh which is applied in various purposes. Common corporate social responsibility practices in Bangladesh by different banks are centered on mainly poverty alleviation, health care, education charity activities, women empowerment, patronizing sports, youth development and music (Islam & Hasan, 2016). Corporate social responsibility is now not a matter of the developed countries only but it is getting increased attention in developing countries like Bangladesh also.…”