A Study on Corporate Social Responsibility Activities of State Bank of India

Abstract

Corporate Social Responsibility refers to the set of business practices which involve initiative of social welfare and benefiting society. This includes various efforts and strategies undertaken to enhance social welfare and economic development of society. Corporate Social Responsibility also known as Sustainable Responsible Business or Responsibility towards Society. It includes actions or activities taken by businesses to contribute to sustainable development through CSR contribution. The Main objective of CSR is ethical and socially responsible treatment of all stakeholders associated with a firm. This includes not only shareholders but creditors, employees, local community and society at large. State bank of India is 1^st Largest Bank in the Public sector bank which contributes into Corporate Social Responsibility Activities. State Bank of India contributes into various activities like Health Care & Sanitation, Education, Empowerment of Women, Environment, Rural and Slum Area Development etc. This Research considers the primary Corporate Social Responsibility actions done by SBI. Here, five years data covers for the purpose of evaluation in CSR Activities which are from 2018-19 to 2022-23.