Published Paper Details:

India is the first country in the world, which introduced mandatory CSR requirements. The CSR activities have gained further importance in the wake of new listing guidelines issued by the Securities and Exchange Board of India (SEBI) and on the introduction of Companies Act 2013. Commercial banks in India have taken up CSR activities seriously as the Reserve Bank of India has advised all the commercial banks operating in India to set aside at least one per cent of their profits for CSR activities. The concept of corporate social responsibility is not new in the banking sector, but nowadays, it becomes highly newsworthy. The present study is based on both primary and secondary data. The main objective of this research article is to make a study on the CSR activities carried out by Axis Bank. The study further analysed the awareness level and perception of employees on CSR initiatives by Axis Bank. The study concluded that there is little growth in CSR spending; it is disheartening to observe that Axis Bank is not taking serious efforts to spend the whole amount set apart for CSR activities each year. It is also observed that the bank focuses on various CSR activities which are decided by the CSR committee of the bank and the employees have no say in CSR activities.