Corporate Social Responsibility Practices of Private Commercial Banks in Bangladesh

Abstract

One of the top priorities for any business firm is corporate social responsibility. The sheer number of initiatives that business companies have taken shows how widely they have adopted CSR. In order to examine corporate social responsibility actions carried out by private commercial banks in Bangladesh, this study will do so. The study’s secondary data came from annual report of banks, website, Bangladesh Bank publications published between 2018 and 2021. From this study, it can be inferred that practically all private commercial banks participate in CSR initiatives. The results of this study also show that private commercial banks in Bangladesh primarily engages in CSR activities by making contributions to the fields of environment protection, disaster relief, infrastructure development in remote areas, income generation for the underprivileged, and others. The survey also found that Bangladesh's PCBs mostly support the sectors of healthcare, education, and disaster assistance. Environment, infrastructure development, income-generating initiatives for underprivileged populations, and cultural welfare sectors are not given much weight by CSR. So, emphasis should be given to the environment, the development of infrastructure, and technological innovation, activities that generate cash in order to help development of socio-economic development of Bangladesh.