Corporate Social Responsibility Practices in Bangladesh: A Study on Commercial Banks

Banks conduct business in the society. Hence, they have some responsibilities towards the welfare of the society. Corporate Social Responsibility (CSR) as an integral part of the long term sustainable strategy has now emerged as a growing practice of the present banking sector. This study examines the relationship between responsibilities towards the society and contribution of the banks as a corporate body. The descriptive research has been conducted with secondary data which were collected from the annual reports of the selected commercial banks for the year 2012 to 2013, reviewing different relevant articles, books, periodic, journals etc. and relevant websites. The findings of the study reveals that CSR activities of the banks are concentrated in limited areas of the country especially on education, health, humanitarian and disaster, environment, sports and culture. Moreover, contribution of the commercial banks to CSR activities is very inconsequential in proportion to their profit amount.