Abstract
The nature of the business houses has got a new shape in the present arena. The globalization effects on the business drastically and emphasis has been given to the growth of the business with sustainability . The modern business has changed its motives and focused on the development with sustainability . The concept of development with sustainability has become more significant after the companies bill 2013 came into existence. According to this bill, it is mandated contribution of 2% of the average profit for 3 years. It is obvious that business houses are exploiting and using the recourses from the society, and it is expected to work for the betterment of the society, planet and stakeholders. The present study focuses on the efforts of Indian banks in their sustainable development . Further, the aim of this study is to analyse the relationship between CSR and profitability of Indian banks . The study is based on the secondary data which have been collected from the annual reports of the Reserve Bank of India as well as the report of selected Indian banks . Twenty nationalized banks have taken into account in this study. The collected data have been tabulated to represent the percentage and average as well. The correlation analysis has been performed to find out the relationship between CSR and profitability of Indian banks . The results show that the CSR activities have improved over the years and banks are concentrating the development with sustainability . The regression analysis shows that there is a significant relationship between the CSR and sustainability in terms of profitability of the Indian banks .
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Arlow, P., & Gannon, M. J. (1982). Social responsiveness, corporate structure, and economic performance. The Academy of Management Review, 7(2), 235–241.
Baumgartner, R. J. (2004). Sustainable business management: Conceptual framework and application. In: Y. A. Hosni, R. Smith & T. Khalil (Eds.), IAMOT (International Conference on Management of Technology). Washington.
Baumgartner, R. J., & Ebner, D. (2006). The relationship between sustainable development and corporate social responsibility. In: Corporate Responsibility Research Conference. Dublin. http://www.crrconference.org.
Bazin, D., & Ballet, J. (2004). Corporate social responsibility: the natural environment as a stakeholder? International Journal of Sustainable Development, 7(1), 59–75.
Bhat, A., & Bhatt, M. (2018). Gender equality for sustainable development: A distant dream in India? Asia Pacific Journal of Research, 1(28), 24–29.
Das, S. K. (2012). Practices of corporate social responsibility (CSR) in banking sector in India: An assessment. Research Journal of Economics.
Dawkins, J., & Lewis, S. (2003). CSR in stakeholder expectations: And their implication for company strategy. Journal of Business Ethics, 44(2–3), 185–193.
Dhingra, D., & Mittal, R. (2014). CSR practices in Indian banking sector. Global Journal of Finance and Management, 6(9), 853–862.
Divya, M., & Aggarwal, M. (2013). CSR - a strategy for sustainable business success: Evidence from Indian companies. Journal of Commerce and Business Studies, Delhi School of Economics, University of Delhi.
Eliza, S. (2013, February). Corporate social responsibility: An analysis of Indian commercial banks. AIMA Journal of Management & Research, 7(1/4). ISSN 0974 – 497
Fergus, A. H. T., & Rowney, J. I. A. (2005). Sustainable development: Lost meaning and opportunity? Journal of Business Ethics, 60(1), 17–27.
Gauthier, C. (2005). Measuring corporate social and environmental performance: The extended life-cycle assessment. Journal of Business Ethics, 59(1–2), 199–206.
Katara, S., & Arora, L. (2014). Emerging trends in CSR in Indian banks. International Journal of Multidisciplinary Consortium, 1(3), 136–143.
Kaur, S. (2016). A study on Corporate Social Responsibility (CSR) in Indian banking sector. International Journal of Current Research, 8(11), 42604–42606.
Knox, S., et al. (2005). Corporate social responsibility: Exploring stakeholder relationships and programme reporting across leading FTSE companies. Journal of Business Ethics, 61(1), 7–28.
Moharana, S. (2013). Corporate social responsibility: A study of selected public sector banks in India. IOSR Journal of Business and Management (IOSR-JBM), 15(4), 1–9. e-ISSN: 2278-487X, p-ISSN: 2319-7668.
Moir, L. (2001). What do we mean by corporate social responsibility? Corporate Governance, 1(2), 16–22.
Narwal, M. (2007). CSR initiatives of Indian banking industry. Social Responsibility Journal, 3(4), 49–60.
Welford, R. (2005, Spring). Corporate social responsibility in Europe, North America and Asia. 2004 survey results. The Journal of Corporate Citizenship, 17, pp. 33–52.
Zambon, S., & Del Bello, A. (2005). Towards a stakeholder responsible approach: The constructive role of reporting. Corporate Governance, 5(2), 130–141.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 Springer Nature Switzerland AG
About this chapter
Cite this chapter
Bag, S., Ray, N., Manna, A. (2020). Nexus Between Sustainable Development and CSR—An Empirical Study on Indian Nationalized Banks. In: Machado, C., Davim, J. (eds) Circular Economy and Engineering. Management and Industrial Engineering. Springer, Cham. https://doi.org/10.1007/978-3-030-43044-3_4
Download citation
DOI: https://doi.org/10.1007/978-3-030-43044-3_4
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-43043-6
Online ISBN: 978-3-030-43044-3
eBook Packages: EngineeringEngineering (R0)