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Started by : Leena Khade, Banc Assurance, Deutsche Bank   06 26 2010 07:49:03 +0000
Industry : BankingFunctional Area : India(Markets)
Activity:  24 views;  last activity : 07 06 2010 20:18:09 +0000

When it comes to social responsibility banks need to move beyond a narrow definition of CSR and look at some of the ways to alleviate poverty. CSR is a concept whereby financial institutions not only consider their profitability and growth, but also the interests of society and the environment by taking responsibility for the impact of their activities on stakeholders, employees, shareholders, customers, suppliers, and civil society represented by NGOs.

So users, how do u think CSR can enhance overall performance of banks?

 
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1 2 3
1 More customer satisfaction
2 Earn Goodwill and better brand image
3 Unique Selling Proposition

More customer satisfaction

idea posted by Leena Khade Banc Assurance, Deutsche Bank

With the help of CSR, the overall performance of banks increases due to which the customer satisfaction increases a lot thus the performance also increases.

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Earn Goodwill and better brand image

idea posted by ABHIJIT KULKARNI Project Manager, BNP Paribas

CSR initiatives provides an opportunities for banks to give it back to the society, hence the banks can earn goodwill and build thei brand more strong and Responsible one than others

CSR initiatives by banks also prooves the fact that apart from profit generation and service orientation, banks are concerned for upliftment of the society and protection of environment

Our bank has a dedicated CSR department who deals with CSR projects globally

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by Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.  | 06 28 2010 21:07:11 +0000

CSR create Goowill for bank which will help bank to fight against other banks in competitive market. More Goodwill means more customer, more work. In short, overall growth of bank.

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Unique Selling Proposition

idea posted by vega jain Management Trainee, Bimal Aluminium Pvt Ltd
CSR can prove to be an unique selling proposition for banks. In todays cut throat competition, firms in the same industry can capture market share only by Csr. Through this only, u can gain the loyalty of the society and various other stockholders.
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