The banking system plays a critical role in underpinning economic development. Banking sectors of Bangladesh has shown a great success in all areas of operation with a view to improve the socio-economic development of the country.
Awareness of issues in socially and environmentally responsible business and organizational practices is increasing among users of financial services in Bangladesh. Banks and financial institutions will therefore be well advised to adopt CSR practices in formal, structured manner in line with global norms. Socially and environmentally responsible practices will, besides fulfilling the moral obligations involved, also help preserve competitive edge in client bases sensitive to these concerns. Further, the disadvantaged population segments aided by social responsibility initiatives will hopefully constitute their future new client bases.
This study reviews recent CSR activities of private commercial banks, in light of the BB guidance circular issued in June 2008 for mainstreaming CSR practices in the financial sector in Bangladesh. The financial sector in turn can contribute hugely by catalyzing CSR practices in their real sector corporate clients, promoting inclusive economic and social development. I hope this report will be useful for banks and financial institutions in learning from each other’s examples.
|1.1 |Essence of Selecting the Topic |2 | |1.2 |Rationale of the study |2 | |1.3 |Objectives of the study |2 | |1.4 |Methodology...