Corporate social responsibility of bank : The gaps

As a result of the widespread use of public funds by nations throughout the world in an effort to mitigate the effects of the global financial crisis that began in 2008, the level of public debt in many of these nations has reached unsustainable proportions. As a result of the downturn in the real economy, various nations were confronted with high unemployment rates and economic setbacks, both of which remain unsolved to this day. After the financial crisis, many people were concerned about how to rebuild faith in financial institutions and how banks may better contribute to socially responsible and economically sound growth. This article examines corporate social responsibility, also known as CSR, which is a mentality that places an emphasis on ethical standards. The CSR pyramid delineates distinct tiers of responsibility for corporate social responsibility. Taking responsibility for one's company's financial situation is the first step, as this is the basis upon which the pyramid is built; however, businesses must also adhere to the rules and regulations that have been established. The requirement to act justly and morally at all times is what we mean when we talk about having ethical responsibility. After the crisis, the responsibility for ensuring continued financial stability was passed on to the central banks of several nations. In order to accomplish this goal, central banks have established their very own policies for corporate social responsibility. Research is done on this practice from the perspective of how corporate social responsibility (CSR) might contribute to financial security