CSR initiatives by banks

The Bangladesh Bank (BB) has made it mandatory for banks to put due importance to Corporate Social Responsibility (CSR) and taken institutional steps to monitor such initiatives periodically.

Banks have been spending CSR budget either by own channels directly or through donations to the Prime Minister's Relief and Welfare Fund. The banking sector's total CSR spending almost doubled to Tk 10.45 billion in the last fiscal year 2017-18, from Tk 5.41 billion of the previous fiscal.

No doubt, many poor but meritorious students come from a backward society and a good number of them have benefited from the CSR activities of banks in the last few years.

The CSR activities of the banking sectors are fulfilling the vacuum of individual efforts in most of the cases. These are really praiseworthy efforts by the banks.

Md Zillur Rahaman

Satish Sarker Road

Gandaria, Dhaka

[email protected]