Vol. 2, Issue 10 (2015)
Role of banks in poverty eradication through corporate social responsibility (CSR)
Author(s): Pooja Rani, M.S. Khan
Abstract: Nowadays, the requirement from corporates has moved beyond just getting shareholders value. The stakeholder theory is now an integral part of corporate governance. Socially responsible companies are lauded for their involvement in the welfare of all the stakeholders, the community, rural development, poverty eradication, and environment protection. After new companies bill, 2013 implementation all corporates in India has been started to do more social responsibility. There was very low participation of banks in CSR activities. But now they are more CSR activities in many areas. Banks mostly focus on the rural development activities especially poverty eradication for upliftment of rural areas or poor people. The study is based on secondary data and has been collected from website of banks, journals, conference papers and case studies. This research paper has made an attempt to highlight the role of Indian banks in poverty eradication through CSR.