Urban Cooperative Bank Case Study
Paper
Title A study on Corporate Social Responsibility activities by Bangalore-based Urban Cooperative Banks – Initiatives and Opportunities.
Authors Dr. PR Ramakrishnan,
Faculty,
Rajalakshmi School of Business,
Kuthambakkam Post,Chennai 600124.
Email: ramakrishnan77@yahoo.com.
Phone: +91-9444298316. Prashanth Rao,
Assistant Professor,
Acharya Institute of Graduate Studies,
Bangalore - 560107.
Email: prashsubbarao@yahoo.com.
Phone: +91-9481078821.
ABSTRACT
Corporate Social Responsibility (CSR) is defined as “”. It is an act of returning a portion of profits back to the society. This is a perfect resource give-and-take activity, a win-win situation for both corporates and the society. A few CSR initiated by big industrial houses are promoting
…show more content…
Their customer base is very limited when compared to nationalized banks. UCBs operate under duality of control – Registrar of Cooperative Societies (State Government) for administrative matters and Reserve Bank of India for banking operations. These institutions thrive based on the seven principles of cooperatives. The recently introduced 97th amendment aimed at reducing State control over UCBs and to increase the role of Reserve Bank of India to inject professionalism in …show more content…
Therefore, social initiatives are voluntary in nature. The very basic purpose of cooperatives is welfare. These institutions were launched as community-based organizations, focused on uplifting their respective communities economically. A study was undertaken to ascertain the social initiatives of various cooperative banks. Most of these Bangalore-based mid-sized banks do not support CSR initiatives citing lack of resources. Further, unit banks expressed their inability for these activities considering their meager financial
Hoover Dbq
1435 Words | 6 PagesMany banks had collapsed or were substantially injured as the result of Black Tuesday. But it did have a little impact (Nash 334-336). The National Credit Corporation was composed of the major banks in the United States. NCC’s main goal was lending money to small banks in the United States in order to minimize the repercussions of the smaller bank’s crash. However the major banks did not want to lend money to the smaller banks because they were having problems themselves (Nash 336-337).
Summary Of The Things They Carried By Tim O Brien
1206 Words | 5 PagesThis primary source shows to be useful in
American Foreign Policy 1914-1941
1544 Words | 7 PagesThis led to bank closures, job loss, and declining
Why Is Herbert Hoover A Bad President
1069 Words | 5 PagesWhen banks failed, people that had money in their account, in the bank would lose their money even if they did not owe any debt to the bank. This caused families to go homeless and even
Apush 2003 Dbq
141 Words | 1 PagesIn Addition to maldistribution stood the credit structure of the economy, some farmers were in deep land mortgage debt, so they lowered their crop prices in order to regain credit, and because the farmers were no longer accountable for what they owed banks. Across the nation the banking system found themselves in constant trouble. In America both small and large bankers were concerned for their survival, so they began investing recklessly in stock markets and granting unwise loans. These unconscious decisions would lead a large consequence, such as families losing their life savings and their deposits became uninsured. “ More than 9,000 American banks either went bankrupt or closed their doors to avoid bankruptcy between 1930 and 1933.”Although
Case Study Wells Fargo
476 Words | 2 PagesWells Fargo’s “Gutless Leadership” Wells Fargo is one of the largest banks in the United States, with “…more than 8,600 locations [and] 13,000 ATMs” (Wells Fargo Today). Millions of Americans trust them with their finances. However, after a federal investigation, Wells Fargo has admitted to opening up to two million accounts without customers’ permission. While this had financial implications for many customers, this scandal most heavily affected Wells Fargo’s low-level employees.
Case Study Of METRO Cash & Carry
1229 Words | 5 Pages3. INTRODUCTION Today retailing services has become very much important in the competitive environment. Customer service quality has been widely used by the retailers as one of the important strategy. Retailing is the second largest employment provider after agriculture.
Tesla Social Responsibility Analysis
715 Words | 3 PagesCorporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders . The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.
Pavlov's Theory Of Classical Conditioning
1265 Words | 6 PagesI now understand how their theory is used in the everyday ECCE setting, before studying these I
Volkswagen Code Of Ethics Analysis
1155 Words | 5 PagesDavis (as cited by Khalidah, Zulkufly, & Lau, 2014) defined Corporate Social Responsibility (CSR) as “… the firm’s consideration of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm. It is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which stats that a firm can never exist In a vacuum (Khalidah et.
Strengths And Weaknesses Of Maslow's Theory
729 Words | 3 PagesTo understand the full theory and its impact, the main ideas, the importance, the research done with it, and its strengths and weaknesses must be
The Importance Of Organizational Strategy
995 Words | 4 PagesThis paper will be discussing CIBC FirstCaribbean International Bank organisational strategy to ascertain which theories impacts the
Strengths And Weaknesses Of The Banking Industry
976 Words | 4 PagesLastly, the final strength is that banks can create money, by using the reserve requirement to their advantage. However, if you have strengths you have weaknesses. One weakness is that, historically banks have lacked innovation. Coupled with customers no longer trusts banks, which equals low customer satisfaction and many banks have low brand recognition (CountyBank).
Tesla Corporate Social Responsibility Analysis
713 Words | 3 PagesCorporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders. The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.
Examples Of Ethical Responsibility
902 Words | 4 PagesCSR plays an important role in world of business as it implies to do well by doing good. A large number of multinational units have set global standards, in which same technology is used throughout the world. This helps to create a strategic advantage as well as also serves to elevate the technological expectations. The CSR initiatives not only help in creating awareness and education, but it also helps in ensuring the growth of middle class people. Some of the companies make use of it by expansion of their consumer base in rural as well as urban areas.
More about Urban Cooperative Bank Case Study
Hoover Dbq
1435 Words | 6 PagesSummary Of The Things They Carried By Tim O Brien
1206 Words | 5 PagesAmerican Foreign Policy 1914-1941
1544 Words | 7 PagesWhy Is Herbert Hoover A Bad President
1069 Words | 5 PagesApush 2003 Dbq
141 Words | 1 PagesCase Study Wells Fargo
476 Words | 2 PagesCase Study Of METRO Cash & Carry
1229 Words | 5 PagesTesla Social Responsibility Analysis
715 Words | 3 PagesPavlov's Theory Of Classical Conditioning
1265 Words | 6 PagesVolkswagen Code Of Ethics Analysis
1155 Words | 5 PagesStrengths And Weaknesses Of Maslow's Theory
729 Words | 3 PagesThe Importance Of Organizational Strategy
995 Words | 4 PagesStrengths And Weaknesses Of The Banking Industry
976 Words | 4 PagesTesla Corporate Social Responsibility Analysis
713 Words | 3 PagesExamples Of Ethical Responsibility
902 Words | 4 Pages