Posted on 14th Dec 2024 01:27:53 AM Management
1.1 INTRODUCTION
Corporate Social Responsibility (CSR) is gaining fast global acceptance as a standard to assume environmentally sustainable and socially equitable business practices. The role of business worldwide and specifically in the developed economies has evolved from classical ‘profit maximizing’ approach to a ‘socially responsible’ approach, where banking business is not only responsible to its stockholders but also to all of its stakeholders in a broader inclusive sense. With increased globalization, local businesses are being integrated with the global economy than ever before. Hence the pressure is mounting on local businesses to converge on international standards of socially responsible business. As a member of the global economy, our country is also aware of the need to take positive initiative to establish an image of environmentally and socially responsible businesses.
‘Corporate Social Responsibility’ or CSR can be defined as Social Responsibility of Corporate to the society. Today CSR is not about philanthropy or charitable work. It refers to something more fundamental. It is about how companies take responsibility for their actions in the world at large. To address the social problems or the problems of the stakeholders, the business community evolved a new approach in their business strategies named CSR and through CSR enterprises are intent to strike a balance between economic and social goals, where resources are used in a rational manner and social needs are be addressed responsibly. CSR can be viewed as a comprehensive set of policies, practices, and programs that are integrated into business operations, supply chains, and decision making processes throughout the company and include responsibilities for current and past actions as well as adequate attention to future impacts. CSR focuses vary by business, by size, by sector and even by geographic region. CSR increase the business profitability and can preserve interest of all stakeholders. CSR was more of a charity by affluent or socially responsible business organizations without expecting any financial return. The driving forces of CSR are new concerns and expectations from citizens, consumers and as investors. Increased concern about the damages caused to the environment by economic activities; transparency of business activities brought about by the media and modern information and communication technologies are all contributing to the changing scenario regarding CSR.
1.2 BACKGROUND OF THE STUDY
The background of the study is an attempt to establish the benefits of CSR to the banking business and the real motives of practitioners engaging in CSR. The research will be a vital contribution to the existing body of knowledge for CSR in the financial services sector in the Bangladesh.
The background of the study regarding this reaches paper are-
1.3 NEED FOR THE STUDY
Organizations are profit maximizing entities. However, with changing structure of the business environment, the role of organizations has changed dramatically. Today, organizations are an intrinsic part of social life. Sunder (1997) has proposed a broader definition on the role of organizations, describing them as being a “set of contracts” among employees, customers, managers, shareholders, suppliers, auditors etc.This definition directs organizations to be socially responsible. Hence organizations are social agents contracting with other agents, as a part of chain; their aim goes beyond simple profit-maximization. It is assumed that organizations construct the business environment and agents are the members of social society. Therefore, each individual either voluntarily or involuntarily plays the role of an agent.
1.4 RATIONAL OF THE STUDY
CSR activities of the corporate house like banking sectors are very argent in the developing country like Bangladesh to achieve the significant development in favor of national image. Though the public commercial banks and government specialized banking corporations have been playing a vital role in this segment according to the government amendments, the private commercial bank also contributing to this segment in a large extent being a responsible social institution to develop the living standard of people of this lag behind area. But the query comes to our mind, whether these PCBs are operating their CSR activities in the right area or not? Whether any significant achievement has achieved our country in this segment or not? Are the people very happy with their CSR activities? In this very study we are looking forward to finding these questions answer correctly.
1.5 SCOPE OF THE STUDY
The scope of this study was based on the information available from the direct interview of employees engaged in banks. The analysis and interpretation prepared in this report was conducted on the executive of banks. The analysis included all the statistical analysis and their interpretations. Vertical and horizontal analysis was also included to show the overall condition of CSR and its relation with different variables. Some suggestions and recommendations were also made in this report as this was the part of our study.
1.6 LIMITATIONS OF THE STUDY
There are some limitations that I have faced in preparing this report. Basically I faced difficulties in collecting data from the different sources. To collect primary data some individual showed no interest in interviewing them. For secondary data, I faced problem of unorganized record of documents keeping by different sources. Preparing the report, I faced some difficulties which are-
This project has been prepared with limited resources. Due to this reasons the justifications stated may not reflect the actual scenario.
ABBREVIATIONS
AD Authorized Dealer
BB Bangladesh Bank
BRPD Banking Regulation and Policy Department
CC Cash Credit
CIB Credit Information Bureau
CSR Corporate Social Responsibility
DBI Department of Banking inspection
DD Demand Draft
EBL Exim Bank PLC
FDBP Foreign Demand Bill Purchased
FE Foreign Exchange
FER Act Foreign Exchange Regulation Act
HO Head Office
IBC Inter Bank Collection
IBCA Inter Bank Credit Advice
IBDA Inter Bank Credit Division
ICD Industrial Division
L/C Letter of Credit
LIM Loan against Imported Merchandise
LRA Lending Risk Analysis
MC Micro Credit
MT Mail Transfer
OBC Other Bank Collection
OD Over Draft
PAD Payment against Document
PO Payment Order
SOD Secured Overdraft
STD Short Term Deposit
TIN Tax Identification Number
TOD Temporary Overdraft
TT Telegraphic Transfer
UCPDC Uniform Customs and Practices for Documentary Credit
CONTENTS
CHAPTER-1 INTRODUCTION
1.1 Introduction
1.2 Background of the study
1.3 Need for the study
1.4 Rational of the study
1.5 Scope of the study
1.6 Limitations of the study
CHAPTER-2 REVIEW OF THE LITERATURE
2.1 Introduction
2.2 Review of the literature
2.3 Conclusion
CHAPTER-3 METHODOLOGY OF THE STUDY
3.1 Introduction
3.2 Definition of method
3.3 Data collection procedure
3.4 Data process and analysis
3.5 Conclusion
CHAPTER-4 DATA ANALYSIS AND INTERPRETATION
4.1 Introduction
4.2 CSR mission of Exim Bank PLC
4.3 CSR vision of Exim Bank PLC
4.4 Actual CSR activities of Exim Bank PLC
4.5 Concept of Beneficiary about CSR
4.6 Problematic Aspects of CSR Practices in Exim Bank PLC
4.7 Prospects of CSR Practices in Exim Bank PLC
CHAPTER-5 FINDINGS, RECOMMENDATIONS AND SUGGESTIONS, CONCLUSION
5.1 Findings
5.2 Recommendations and Suggestions
5.3 Conclusion
References
Appendices
Research, Report, Corporate, Social, Responsibility, Practices, Bangladesh, Study, Exim, Bank, PLC, CSR, Lending, Risk, Analysis, Micro, Credit
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