International Journal of Finance and Banking Research

| Peer-Reviewed |

Corporate Social Responsibilities Practices in the Government Owned Banking Sector in Bangladesh: A Case Study on Agrani Bank Limited

Received: 14 November 2015    Accepted: 26 December 2015    Published: 04 January 2016
Views:       Downloads:

Share This Article

Abstract

Agrani Bank Limited (ABL) is the largest government commercial bank in Bangladesh addresses social concerns that threaten the structure of society and redress social conditions that adversely affect the well-being of people and society of Bangladesh. Banking industry in Bangladesh is now a day very prospective and competitive. To give a competitive edge, CSR is a very strong and helpful tool for any bank. In this research paper shows that ABL is one of the most successful banks in Bangladesh and still growing having enough prospects. Other player in the banking industry should take a part in this field to gain certain competitive edge. Today, Corporate Social Responsibility (CSR) goes far beyond the old philanthropy of the past donating money to good causes at the end of the financial year and is instead an all year round responsibility that companies accept for the environment around them, for the best working practices, for their engagement in their local communities and for their recognition that brand names depend not only quality, price and uniqueness but on how they interact with companies workforce, community and environment. ABL practices thus encompass the professional activities of helping individuals, families, groups, organizations, and communities to enhance or restore their capacity for optimal social functioning and of creating societal conditions favorable to this goal.

DOI 10.11648/j.ijfbr.20150102.14
Published in International Journal of Finance and Banking Research (Volume 1, Issue 2, December 2015)
Page(s) 37-43
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Corporate Social Responsibility, Social Responsiveness, Government Banks

References
[1] Ataur Rahman Belal, “Corporate Social Responsibility Reporting in Developing Countries”, Ashgate Publishing, Online version, viewed on 20 January, 2013.
[2] Bangladesh Bank, (2012), “Review of CSR initiatives in Banks for 2008, 2009, 2010 and 2011’’ department of off–site Supervision, Bangladesh Bank.
[3] Belal, Ataur R. (2001). “A study of corporate social disclosures in Bangladesh”, Managerial Auditing Journal, Vol.16, No.5, pp. 274-289.
[4] Bowen, H. R. (1953), “Social Responsibility of the Business”, California Management Review, Vol. 18, p. 49-58.
[5] Carrol, A. B. (1979), “A three Dimensional Conceptual Model of Corporate Performance” Academy of Management Review, pp. 499.
[6] Carroll A, B. (1991), “The pyramid of corporate social responsibility”: Toward the Moral Management of Organizational Stakeholders”, Business Horizons. Vol. 38, No. 3, p. 268-295.
[7] Cochran, S. L. and S. L. Wartick (1985), “The evaluation of the Corporate Social Performance Model” Academy of Management Review, p. 766.
[8] D.J. Wood (1991), “Corporate Social Performance Revisited”, Academy of Management Review, pp. 703-708.
[9] Drucker, P. F. (1971), The new meaning of Corporate Social Responsibility”, California Management Review, Vol. 26. p. 53-63.
[10] Duarte, P. F., and Rahman, S. (2010), “Perceptions of Corporate Social Responsibility by Bangladeshi Manager: An Exploratory Study”, International review of Business Research Papers, Vol. 06, No. 05, pp 119-136.
[11] Edward Probir Mondol (2009), “Why Corporate Social Responsibility? –The Context of Bangladesh, Journal of Ammado Foundation, Online version.
[12] Fauzi, L. S. Mahoney and A. A. Raman (2007), “The Link Between Corporate Social Performance and Financial Performance”: Evidence from Indonesian Companies, Issues in Social and Environmental Accounting, Vol. 1, No. 1, Pp 149-159.
[13] Haldar, P. K. (2012), “Contours Globalization”, viswakha patnam, Global India Publication.
[14] Hossain, D. M., Salat, A. and A. Amin (2005), “Voluntary Disclosure on Corporate Social Responsibility: A Study on the Annual Reports of Bangladeshi Companies”, The Bangladesh Accountant, Vol. 47, No. 20 (April-June), pp 28 34.
[15] Hussain B., and M. Hussain (2005), “Corporate Social Responsibility: Do Customers Get What They Expect?” Journal of Business Studies, Southeast University, Vol 1 No. 1, pp 133–139.
[16] Islam, Kazi Zahirul (2012), “Corporate Social Responsibility (CSR) and Issue to Corporate Financial Performance (CFP): An Empirical Evidence on Dhaka Stock Exchange (DSE) Listed Banking Companies in Bangladesh”, European Journal of Business and Management, Vol 4, No. 11.
[17] Narwal, M (2007) “CSR Initiatives of Indian Banking Industry”, Social Responsibility Journal”, Vol 3, pp 49-60.
[18] Rashed (2012), “SUSTANABILITY AND CSR: DEVELOPING A RATING SYRTEM FOR BANKING SECTOR OFBANGLADESH” Asian Institute of Technology School Management, Thailand.
[19] Rouf, Md. Abdur (2011), “The Corporate Social responsibility Disclosure: A Study of Listed Companiesin Bangladesh”, Business and Economics Research Journal, Volume 2, pp. 19-32.
[20] S. P. Senthi (1979), “A Conceptual Framework for Environmental Analysis of Social issues and Evaluation of Business Response Patterns”, Academy of Management Review, pp 68-74.
[21] Sarker. Md. Fouad Hossain (2012), “Corporate Social Responsibility of Private Banks in Bangladesh: Expectations, Achievements and Challenges”, Journal of Public Administration and Governance, Vol. 2, No. 1.
[22] Sengh. A (2007), “Impact of corporate social responsibility on customer satisfaction in banking service”, African Journal of Business Management Vol. 5 (7), pp. 3028-3039.
[23] Sharma, E, and Mani, M. (2013), “Corporate Social Responsibility: An Analysis of Indian Commercial Banks” AIMA Journal of Management & Research, Vol 7, Issue 1/4, Article no 6.
[24] Thomas A Pettitt (2006), “The Doctrine of Social Responsible Management” Arizona Review, vol. 14, No. 2.
[25] www.BB.org.BD/publication/.
[26] www.Mannwhiteny Test. Com/ Graham Hole Research Skills Mann-Whitney test handout version 1.0. Page 1.
[27] Yeung, S. (2011), “The Role of Banks in Corporate Social Responsibility”, Journal of Applied Economics and Business Research, Vol. 1 (2), pp 103-115.
Author Information
  • Department of Business Administration, the Millennium University, Dhaka, Bangladesh

Cite This Article
  • APA Style

    Md. Rezaul Karim Miajee. (2016). Corporate Social Responsibilities Practices in the Government Owned Banking Sector in Bangladesh: A Case Study on Agrani Bank Limited. International Journal of Finance and Banking Research, 1(2), 37-43. https://doi.org/10.11648/j.ijfbr.20150102.14

    Copy | Download

    ACS Style

    Md. Rezaul Karim Miajee. Corporate Social Responsibilities Practices in the Government Owned Banking Sector in Bangladesh: A Case Study on Agrani Bank Limited. Int. J. Finance Bank. Res. 2016, 1(2), 37-43. doi: 10.11648/j.ijfbr.20150102.14

    Copy | Download

    AMA Style

    Md. Rezaul Karim Miajee. Corporate Social Responsibilities Practices in the Government Owned Banking Sector in Bangladesh: A Case Study on Agrani Bank Limited. Int J Finance Bank Res. 2016;1(2):37-43. doi: 10.11648/j.ijfbr.20150102.14

    Copy | Download

  • @article{10.11648/j.ijfbr.20150102.14,
      author = {Md. Rezaul Karim Miajee},
      title = {Corporate Social Responsibilities Practices in the Government Owned Banking Sector in Bangladesh: A Case Study on Agrani Bank Limited},
      journal = {International Journal of Finance and Banking Research},
      volume = {1},
      number = {2},
      pages = {37-43},
      doi = {10.11648/j.ijfbr.20150102.14},
      url = {https://doi.org/10.11648/j.ijfbr.20150102.14},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.ijfbr.20150102.14},
      abstract = {Agrani Bank Limited (ABL) is the largest government commercial bank in Bangladesh addresses social concerns that threaten the structure of society and redress social conditions that adversely affect the well-being of people and society of Bangladesh. Banking industry in Bangladesh is now a day very prospective and competitive. To give a competitive edge, CSR is a very strong and helpful tool for any bank. In this research paper shows that ABL is one of the most successful banks in Bangladesh and still growing having enough prospects. Other player in the banking industry should take a part in this field to gain certain competitive edge. Today, Corporate Social Responsibility (CSR) goes far beyond the old philanthropy of the past donating money to good causes at the end of the financial year and is instead an all year round responsibility that companies accept for the environment around them, for the best working practices, for their engagement in their local communities and for their recognition that brand names depend not only quality, price and uniqueness but on how they interact with companies workforce, community and environment. ABL practices thus encompass the professional activities of helping individuals, families, groups, organizations, and communities to enhance or restore their capacity for optimal social functioning and of creating societal conditions favorable to this goal.},
     year = {2016}
    }
    

    Copy | Download

  • TY  - JOUR
    T1  - Corporate Social Responsibilities Practices in the Government Owned Banking Sector in Bangladesh: A Case Study on Agrani Bank Limited
    AU  - Md. Rezaul Karim Miajee
    Y1  - 2016/01/04
    PY  - 2016
    N1  - https://doi.org/10.11648/j.ijfbr.20150102.14
    DO  - 10.11648/j.ijfbr.20150102.14
    T2  - International Journal of Finance and Banking Research
    JF  - International Journal of Finance and Banking Research
    JO  - International Journal of Finance and Banking Research
    SP  - 37
    EP  - 43
    PB  - Science Publishing Group
    SN  - 2472-2278
    UR  - https://doi.org/10.11648/j.ijfbr.20150102.14
    AB  - Agrani Bank Limited (ABL) is the largest government commercial bank in Bangladesh addresses social concerns that threaten the structure of society and redress social conditions that adversely affect the well-being of people and society of Bangladesh. Banking industry in Bangladesh is now a day very prospective and competitive. To give a competitive edge, CSR is a very strong and helpful tool for any bank. In this research paper shows that ABL is one of the most successful banks in Bangladesh and still growing having enough prospects. Other player in the banking industry should take a part in this field to gain certain competitive edge. Today, Corporate Social Responsibility (CSR) goes far beyond the old philanthropy of the past donating money to good causes at the end of the financial year and is instead an all year round responsibility that companies accept for the environment around them, for the best working practices, for their engagement in their local communities and for their recognition that brand names depend not only quality, price and uniqueness but on how they interact with companies workforce, community and environment. ABL practices thus encompass the professional activities of helping individuals, families, groups, organizations, and communities to enhance or restore their capacity for optimal social functioning and of creating societal conditions favorable to this goal.
    VL  - 1
    IS  - 2
    ER  - 

    Copy | Download

  • Sections