Corporate Social Responsibility Performed by Commercial Banks in Bangladesh: A Case Study on Dutch Bangla Bank Limited (DBBL)”. In this study, I scrutinized the last two years' annual report of DBBL to take note of the corporate social responsibility carried out by the bank in recent times. As the author of the report titled “Corporate Social Responsibility Performed by Commercial Banks in Bangladesh: A Case Study on Dutch Bangla Bank Limited (DBBL)”, I, Md Mehedi Hasan, hereby declare that the contents of the report are entirely my own is. work and was completed independently without any unauthorized assistance.
James Bakul Sarkar, Associate Professor, United International University for sharing and providing his precious suggestions and time to improve my study to meet all the study requirements. DBBL's biggest contribution to Corporate Social Responsibility (CSR) and as banks expand their focus in the CSR fields, mainly on education sector, health sector, disaster and flood relief, sports sector, social and health awareness and social and environmental development, the study is to their recent Recognize and recognize CSR activities, especially in the social issues, education sector and health sector. Its corporate social responsibility programs, including the largest scholarship program in the sector, help differentiate between DBBL's clients and the community.
Last but not least, as part of its corporate social responsibility in healthcare, DBBL has invested in the Smile-Brighter initiative, a Dutch bank in Bangladesh, designed to restore children's smiles by offering free plastic surgery to youngsters with cleft lips and palates.
Introduction to the Subject
The tasks of the bank's lending, investment and asset management business units are highlighted here more prominently, with the fight against bribery and money laundering being a particularly crucial issue, a crucial component of the anti-corruption effort and a crucial element of the bank's efforts. mission. But commercial banks are allowed to offer a range of financial services in Bangladesh, including loans, savings accounts, etc. In the long term, we can assume that DBBL is trying to improve human welfare.
To understand DBBL's CSR initiatives and the role they play in the sustainability of the economy is the aim of this study.
A Quick Overview of the DBBL
Within the confines of the Bangladesh banking rules, regulations and guidelines relevant to the offshore banking sector, the offshore banking sector segment provides commercial banking services to a variety of industries.
Corporate History of DBBL
Industry Perspective
Scheduled Banks (SB)
Non-Scheduled Bank (NSB)
Introduction of the chapter
Aim of the Report
Primary objectives of the study
Secondary objectives of the study
To identify the CSR initiatives carried out by DBBL in the education sectors of Bangladesh. c) To identify the CSR initiatives carried out by DBBL in the health sectors of Bangladesh.
Introduction to the chapter
Type of Data
Primary Sources of data
Secondary Sources of Data
Data Collection Process
Previous research articles and journals will be used with the appropriate citations and references to support our claims and to prepare the literature review chapter.
Sample Size
Sampling Technique or Procedure
Scope
Area
Time
Banking organization of Bangladesh
Bangladesh Bank (BB) also revealed that as of December 19, over 50% of non-performing loans amounted to nearly Tk 481 crore, with non-performing loans from 08 state-owned banks and 41 private banks totaling nearly Tk 442 crore.
CSR– Conceptual Framework
Dahlsrud (2008) does not specifically mention these ideas, but Crane et al. "Why they do it" states that one of the reasons why they do it is the responsibility of managers to their companies. 2008) must be thoroughly understood. 2010) argue that CSR is a search process that requires managers to determine the precise balance between people, planet and profit for their company. For these search principles, dimensions and procedures to be effective, organizational policies must incorporate them and staff members must accept them. Due to conflicting definitions of CSR in the academic literature, Dahlsrud (2008) provides a thorough analysis of several of them.
According to Dalhsrud (2008), the two definitions of CSR most frequently used in academic writing are as follows. Corporate social responsibility is described as “the concept of companies integrating social and environmental issues into their business operations and voluntarily engaging with stakeholders” by the Commission of the European Communities (2001). 34;Business is committed to contributing to sustainable economic development by working with employees, their families, communities and society as a whole to improve your quality of life," stated the World Business Council for Sustainable growth (1999).
Both definitions of CSR mention Dahlsruder's Values and Dimensions in 2008 and Crane et al.'s (2008) as sources. Therefore, it is appropriate to argue that corporate social responsibility is a concept that unites many aspects of organizational strategy and can serve as a guide to a better society based on the body of academic research now available. The definition of CSR above provides insight into how ethical companies can and should behave in the world.
However, it does not emphasize the additional organizational advantages that internal CSR can have. For example, new research published in Frontiers in Psychology (2016) shows that corporate responsibility initiatives are an excellent method of raising employee morale.
CSR performed in Bangladesh
Social responsibility in the developed world, but raises concerns and questions about the extent to which CSR is practiced by companies in poor countries. Conventional wisdom holds that companies from developed countries are better suited to corporate social responsibility because the public there has higher standards for responsible behavior. As a result, CSR would be of less importance to individuals and companies (Khan et al., 2021).
On the other hand, it is also thought that social expectations in developing countries are mainly focused on financial success. In Bangladesh, corporate social responsibility is a relatively recent concept and all businesses try to maintain it along with other obligations. However, the guidelines issued by the Bangladesh Bank in recent years and starting from 2008 advise banks to perform these tasks in a more systematic manner (Haque, Uddin, & Rahman, 2021).
However, sometimes people believe that the primary objective of profit is to emphasize self-interest rather than morality. Egoism, on the other hand, emphasizes one's own well-being at the expense of the interests of others; it is not the same as self-interest. For a business to be more productive and effectively allocate its assets, self-interest, which is essentially a concern for financial gain, is essential (Security and Rights Society, 2014).
As a result, businesses cannot function efficiently without the support of the organization in which they are housed. Because they are one of the few private institutions with the resources to do so, businesses must exercise social responsibility. The business sector has great economic capital and some of the most active intellectuals in the world (Selin, Joni and Ahmed, 2022). Therefore, to "create a better place for the world", firms must invest in their society and economic capital.
Priority of DBBL towards CSR activities
Analysis of objectives and vision of DBBL
Modification CSR Policies based on the new regulations
- Contribution to the Education Sector
- The Math Olympiad, DBBL - Prothom Alo Ganit Utsab
- Support for Disaster Management
- Donation to the "PM Relief and Welfare Fund" for food assistance to the
- Donation to the "PM Relief and Welfare Fund" for the rehabilitation of
- Blankets were donated to two groups chosen by Bangladesh Bank to
- Donation to the "Prime Minister's Relief Fund" to assist the country's
- Contribution to Health Sector
- Smile-Brighter program
- Cataract operation for underprivileged visually impaired people
- Donation to BAFWWA Health Center SHEBA
- Support for medical treatment
- Contribution to Social Development
- On the occasion of Mujib Borsho, a donation was made to the "Father of
- Contribution to environmental beautification
- Financial Support for renovation and maintenance of the water Fountain
- Support for regular maintenance and beautification of the Fountain at
- Contribution to creating awareness of different social issues
The Dutch-Bangladesh Bank has prioritized the promotion of the education sector in light of this. The Dutch Bangladesh Bank has financially supported the organization of the Gannett Olympics and participation in various International Olympic Games held in different countries every year since its establishment. The KLM authorities gave only Tk 50 million to the Prime Minister's Relief and Welfare Fund for food assistance to the needy, keeping in mind the decision of the BAB and the suffering of the poor.
In response to the BAB's decision and in view of the suffering of the affected people in Pirganj, Rangpur, the Bangladesh Bank has allocated only TK 50 million to the Prime Minister's Relief and Welfare Fund. The Dutch Bangladesh Bank is providing free plastic surgeries across the country to restore the smile of boys and girls who have cleft lips due to the misery these children are going through. The Bangladesh Banking Association (BAB) is appealing to its member banks to contribute to the "Father of the Nation Bangabandhu Sheikh Mujipur Rahman Memorial Fund" to support this admirable endeavour.
Due to the magnitude of this problem, Dutch Bangladesh Bank officials donated Tk 150 million in just two phases. to the “Father of the Nation Bangabandhu Sheikh Mujibur Rahman Memorial Trust” for the benefit of each family, providing houses and land to two decimal places. , on the occasion of Mujib Borsho, among homeless and landless poor families. Financial support for renovation and maintenance of water fountain in Savar Cantonment, Savar, Dhaka Savar Cantonment, Savar, Dhaka. To enhance the beauty of the area, the Dutch Bangladesh Bank gave Tk 3.5 million in 2011 to build a fountain in front of the 9th Infantry Division headquarters at Camp Sawar.
The Dutch Bangladesh Bank Authority donated only Tk 2 million to the Station Command Fund of the Station Headquarters, Savar, for the renovation and maintenance of the Savar Cantonment fountain at the request of the Commanding Officer of the Savar Cantonment Station and considering the value of the surrounding to beautify areas. At the intersection of the InterContinental Hotel and the Jamuna State Guest House, the Dutch Bangladesh Bank erected a monument. Dutch-Bangla Bank is also working to improve the road island and pavement from the Kakrail crossing to the Dhaka Metro Intercontinental Hotel crossing as part of the urban beautification project.
In this regard and as part of the implementation of the National Integrity Strategy in the country as mandated by the Bangladesh Bank, DBBL published an advertisement titled "ChhorayChhoraySuddhachar" in a national daily to promote integrity and increase awareness of corruption. The purpose of the study is to assess the latest efforts of Dutch Bangladesh Bank Limited. In relation to social causes, it is discovered that DBBL is building homes for the homeless and poor landless families; financially supports the restoration and maintenance of the fountain in Savar Canton; contributes to regular maintenance and.
Review of corporate social responsibility (CSR) theories and an assessment of the CSR practices in the banking industry: Bangladesh perspective.
