Corporate Social Responsibility (CSR) Practices of Small Finance Banks in India

Abstract

A holistic approach to business growth based on the dual goals of commercial success and social impact is the aim of every small finance bank (SFB) in India. The Corporate Social Responsibility (CSR) activities of these banks pay attention to develop the society. Also, it is essential for a competitive edge. This paper made an attempt to identify the thrust area of CSR activities of SFBs and examine their CSR spending. The findings reveal that SFBs are given less attention to CSR activities related to environmental protection. Equitas and ESAF SFBs are the major contributors to CSR activities.