• Dr. Puneet Kaur

The Indian banking industry is playing an important role in the economy. In the past few years it is seen that the banks are showing more interest in Corporate Social Responsibility and it has been made mandatory to spend atleast 2% of firms earnings on CSR activities (as per Companies Act, 2019). According to the EU Commission (2002), integration of environmental and social concerns by the companies in the operation of the business and in their interactions with stakeholders voluntarily to mandatory now is called Corporate Social Responsibility. The main purpose of the study is to identify the impact of CSR spending on the financial performance of banks measured by earnings per share, return on assets, return on equity, price to sales ratio, and price to book value. The study is focused mainly on 3 public sector banks operating in India for the period of three financial years starting from 2017-18 to 2019-20. The methodology used in this study is panel data analysis. The result shows that ROE, ROA and EPS have a positive relation with CSR. CSR has a negative impact on price to sales and price to book value.

corporate social responsibility, financial performance, public sector banks

"Impact of Corporate Social Responsibility (CSR) spending on Financial Performance of selected Indian Banks ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 9, page no.33-38, September-2021, Available :http://www.jetir.org/papers/JETIRFB06005.pdf

"Impact of Corporate Social Responsibility (CSR) spending on Financial Performance of selected Indian Banks ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 9, page no. pp33-38, September-2021, Available at : http://www.jetir.org/papers/JETIRFB06005.pdf