Archive · 21 Aug 2025
Indian Banks Increase CSR Spending, HDFC Leads
Banks are spending more money on Corporate Social Responsibility (CSR) projects, which help communities and the environment.
HDFC Bank spent the most, over 1000 crore rupees.
SBI, ICICI, Axis and Kotak Mahindra Bank also gave significant amounts.
HDFC Bank added a new focus: managing natural resources.
ICICI Bank had planned to spend even more but had some delays in getting approval.
HDFC Bank increased CSR spending to Rs 1,068 crore in FY25, up from Rs 945.31 crore in FY24.
HDFC Bank's CSR strategy focuses on areas like rural development, education, and healthcare.
HDFC Bank expanded its CSR to include natural resource management.
SBI spent Rs 610.77 crore on CSR, with health and sanitation as the top allocation.
ICICI Bank earmarked Rs 801 crore for CSR but spent Rs 527 crore due to approval delays.
- Who
- HDFC Bank, SBI, ICICI Bank, Axis Bank, and Kotak Mahindra Bank.
- What
- Banks increased their Corporate Social Responsibility (CSR) spending.
- When
- FY25 (April-March)
- Where
- Not specified in detail, but across India.
- Why
- Not explicitly stated, but it reflects an increasing emphasis on social and environmental responsibility.
- HDFC Bank CSR Spending FY25
- Rs 1,068 crore
- HDFC Bank CSR Spending FY24
- Rs 945.31 crore
- SBI CSR Spending
- Rs 610.77 crore
- ICICI Bank CSR Earmarked
- Rs 801 crore
- ICICI Bank CSR Spending
- Rs 527 crore
- Axis Bank CSR Spending
- Rs 427 crore
- Kotak Mahindra Bank CSR Spending
- Rs 285.7 crore