IJSRP, Volume 3, Issue 12, December 2013 Edition [ISSN 2250-3153]
Namrata Singh, Rajlaxmi Srivastava, Rajni Rastogi
Abstract:
In the recent years the concept of Corporate Social Responsibility is spreading very rapidly in India in all the sectors.Corporate Social Responsibility is to contribute towards the society while working with in ethics. In developing country like India, banking sector plays a very important role in upgrading the economy of the country not only by lending money or increasing the liquidity in the country but also by imposing a new practice called corporate social responsibility (CSR).RBI played a important role in supporting the concept of CSR by passing a circular in the year 2007,December, directed banks to undertake CSR initiatives for sustainable development .The Banking sector is in a leading position in discharging CSR in the country.