POLICY ON CORPORATE SOCIAL

RESPONSIBILITY (CSR)

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Contents

I. Introduction…………………………………………………………………… 3

II. CSR Purpose Statement……………………………………………………. 3

III. CSR Focus Areas…………………………………………………………….. 3

IV. CSR Budget………………………………………………………………….. 4

V. Validity of CSR Policy………………………………………………………. 4

VI. Execution of CSR…………………………………………………………… 4

VII. CSR Governance Structure……………………………………………… 4

Annexure: CSR Program Areas…………………………………………..….. 6

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I. Introduction

1. The Bank recognizes the importance of good corporate governance and corporate
social responsibility in promoting and strengthening the trust of its shareholders and
other stakeholders.

2. The CSR Policy shall be guided by the Bank’s corporate vision and the aspiration to
be the Bank of Choice for Customers, Shareholders, Employees and Community.

3. The Bank’s CSR Policy has been framed in accordance with Section 135 of the
Companies Act 2013 and the Rules framed thereunder. The Policy shall apply to all
CSR programs/activities undertaken/sponsored by the Bank or executed through Axis
Bank Foundation or through any other Trust/Society or implementation partner or any
other fund set up by the Government.

II. CSR Purpose Statement

The primary purpose of the Bank’s CSR philosophy is to make a meaningful and
measurable impact in the lives of economically, physically and socially challenged
communities of the country through an integrated approach of development which
focuses on creating sustainable livelihood, promoting education and skills development,
creating awareness amongst public at large on public interest topics including financial
literacy, facilitating and providing access to formal banking channels for excluded
sections, promoting environmental sustainability, and supporting health and sanitation
initiatives.

III. CSR Focus Areas

The Bank will support programs and activities in the following areas. The broad program
areas under CSR focus areas are given in the Annexure to this Policy.

1. To contribute to poverty alleviation and to reduce inequalities faced by socially

and economically backward sections of society through an integrated approach
of interventions in the areas of sustainable livelihood generation and support,
women empowerment, financial literacy, safe banking and access to formal
banking channels, health, sanitation and hygiene and public awareness on various
pertinent social and environmental topics like road and personal safety and
environmental sustainability.

2. To promote environmental sustainability and ecological balance through sustainable

livelihood initiatives focused on natural resource conservation and management,
renewable energy and energy efficiency projects, afforestation and plantation
programs, and awareness programs.

3. To promote entrepreneurial culture through skills and capacity development

programs aimed to support the growth of MSME sector, and through initiatives
aimed to foster innovation by engaging with start-ups, students and technological
incubators in academic institutions.

4. To promote education and skills development through initiatives on vocational and

livelihood enhancing skills development programs, and programs aimed to nurture
the talent of children and students in various fields.

5. To support welfare programs for armed forces veterans, war widows and their
dependent children.

6. To support victims of natural calamities and other disasters through relief and
rehabilitation programs.

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IV. CSR Budget

1. The CSR Committee will abide by the provisions relating to annual expenditure on CSR
activities as laid down in Section 135 of the Companies Act, 2013 read with
Companies (Corporate Social Responsibility Policy) Rules, 2014 as amended from
time to time.

2. The surplus arising out of the CSR projects or programs or activities shall not form part
of the business profit of the Bank.

V. Validity of CSR Policy

The Committee may amend the CSR Policy as may be required from time to time and
will be reviewed annually.

VI. Execution of CSR

All CSR programs/activities will be executed by the Bank itself or through Axis Bank
Foundation or through any other Trust or agencies and entities as it deems suitable. The
Bank may also make contributions to any fund set up by the Government.

VII. CSR Governance Structure

1. Roles and Responsibilities

The Board of Directors of the Bank will be responsible for:

a. Approval of the CSR Policy of the Bank.

b. Disclosure of the Policy in its report and placing the same on the Bank’s website as
prescribed under Section 135 of the Companies Act, 2013.

c. Ensuring that it specifies the reasons in its report for not spending the earmarked
amount in case the Bank does not spend such amount during the financial year.

d. Making any change(s) in the constitution of the CSR Committee as deemed

suitable.

2. Monitoring and Reporting Framework

The Bank will institute a well-defined monitoring and evaluation mechanism to ensure
that each CSR project has:

a. Objectives developed out of societal needs.

b. Targets, time lines and measurable parameters wherever possible.
c. A progress monitoring and reporting framework aligned to the requirements of
Section 135 of the Companies Act, 2013 and the Rules framed thereunder.

3. Reporting Framework

a. The progress of CSR projects and expenditure will be reviewed by the CSR
Committee.

b. The Bank will report on CSR performance in its annual report as per the structure
and format prescribed in the notified Corporate Social Responsibility Policy Rules.

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4. Others

The Bank’s CSR Committee may choose to select program areas which are included
under Schedule VII of the Companies Act, 2013 in addition to those specified in the CSR
Policy in the course of fulfilment of the Bank’s CSR objectives as decided by the CSR
Committee from time to time.

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ANNEXURE: CSR Program Areas

An illustrative list of various programs and activities to be supported under the Bank’s
CSR focus areas is given below:

1. Poverty alleviation and measures to reduce inequalities

a. Sustainable Livelihoods: Creating sustainable livelihoods is an overarching theme

that is pursued to contribute to poverty alleviation and integrated development,
especially in some of the poorest districts of the country. The Bank also endeavours
to promote women empowerment through such activities by providing them skills
and livelihood assets which contribute to improvement in their socio-economic
status.

b. Financial literacy and inclusion: The Bank will promote the cause of Financial
Literacy & Inclusion to reduce inequalities faced by socially and economically
backward sections of society. These may be undertaken singly and/or in
conjunction with the Government initiatives and schemes. The Bank will create
awareness on personal financial management aspects through financial literacy
initiatives and provide the underserved sections of society – especially rural
population, urban poor and migrant workers – with access to formal banking
channels and products under financial inclusion initiatives. The Bank may also
facilitate the access to Government benefit schemes and social security schemes
through banking channels.

c. Access to finance and entrepreneurship development: Support creation of

sustainable income sources through micro-finance and micro-enterprise
development and strengthen mechanisms for alternative livelihood.

2. Education and Skills Development

a. Skill development through vocational education and training: Provide skilling, re-
skilling and multi-skilling support to youth including the differently-abled, for gainful
employment. The skilling programs may also include life skills coaching and career
counseling support.

b. Consumer education and public awareness: Promote financial education and

awareness amongst consumers at large and school children. Disseminate knowledge
on managing finances etc. to consumers at large which may include aspects of safe
banking practices, tax planning, saving and investing and other relevant financial
knowledge. Undertake public awareness initiatives on public interest topics such as
road and personal safety, environmental sustainability, health, sanitation & hygiene
etc.

c. Skills and talent program for children and students: Undertake programs that hone
the skills and talent of children and students through talent competitions, scholarships
and learning programs.

d. Entrepreneurial Skills Development: Engage with start-ups, students and technology

incubators in academic institutions to promote innovation and entrepreneurial skills.

3. Environmental Sustainability and Rural Development

a. Natural resource management, soil and water conservation: Management of

natural resources leading to more productive outcome for agriculture and

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 associated livelihood. Support rural and village communities through non-farm
based livelihood development.

b. Renewable energy and emissions reduction: Ensure environmental sustainability,

and ecological balance through pursuance of projects that conserve resources
and enhance environment such as renewable energy and emissions reduction
projects. Create carbon sinks through afforestation and plantation programs.

4. Sanitation & Healthcare

a. Sanitation and drinking water: Work towards improving/providing sanitation and

drinking water facilities for communities/schools and create awareness on health
and hygiene topics to bring about a behavioural change.

b. Healthcare: Support preventive and curative healthcare initiative including

conducting health screening and awareness camps.

5. MSME Sector Growth

a. Support MSME sector capability enhancement: Provide support to MSME sector

through dissemination of knowledge leading to enhancement of sector capabilities.

6. Humanitarian Relief: Support relief measures during natural and other calamities
which may include contribution to Prime Minister’s National Relief Fund or any other
such prescribed funds.

7. Armed Forces Veterans: Support measures for the benefit of armed forces veterans,
war widows and their dependents, widows of armed forces injured in action.

8. Capacity Building of Personnel and NGO Partners: Build the capabilities of the Bank’s
own personnel as well as that of executing and implementing agencies through
training, conferences and experience sharing programmes.

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 Corporate Social Responsibility

Bank of India believes that it is its foremost duty to contribute towards impacting the
lives of various stakeholders like customers, employees, shareholders, communities and
environment in a positive manner through all aspects of its operations, thereby serving the
interest of the society at large. The Bank intends to be in step with the new thought of
measuring performance on the basis of economic impact, social impact, and environmental
impact in the task of inclusive growth, through Banking operations, towards the larger canvas of
Nation building.

It was the dream of our eminent Statesmen that every individual Indian should be free
from hunger, malnutrition, and should have basic necessities and be entitled to affordable
education, healthcare facilities, equal opportunities in an enabling environment thereby
resulting in reduction of social and economic disparity. Towards this larger goal, Corporates as
major players in the economic development are also required to share this Social Responsibility,
and Bank of India contributes its share to this worthy cause.

Assistance under Corporate Social responsibility has gained much importance after
inclusion of new provisions in Companies Act ,2013 .The provisions of spending 2% of average
profit during last 3 financial years is not applicable to Bank of India,it being established under
Banking companies (Acquision & Transfer of Undertakings )Act 1970 and not under Companies
Act. However Bank of India is committed to assist under CSR for enrichment of environment
and society on a sustainable basis.

Some of the CSR initiatives already undertaken by the Bank are providing –

 Construction of Toilets for schools under Swacch Bharat Abhiyan

 Solar street lights and Hand pump sets in Rural areas.
 Rain water harvesting mechanism / equipments agriculture / drinking water /
development of the area.
 Ambulances to Hospitals catering to economically challenged sections of the society,
rural areas, etc..
 Ultra-modern medical equipments to Family Planning Centres and other hospitals.
 Wheel chairs to physically challenged sportspersons and others.
 Assistance for creating awareness against cancer and help for cancer patients.
 Construction of classrooms / providing school kits for the economically challenged
students of the society.
 Support to orphaned / blind / differently able students / persons.
 Vehicles for institutions providing food / mid-day meal to government /local bodies
schools catering to poorer sections of the society.
 Contribution to Relief Funds for assistance of people affected by natural calamities.
 Skill development training to SC/ST/OBC and under poor people.
 Assistance for welfare of defence personnel / families of bereaved ex-servicement

Besides the abovesaid activities Bank of India has been running the following Projects
for imparting financial literacy and skill development for self employment.

-51 Financial Literacy Centres (FLC);

-43 RSETIs for imparting vocational training in Rural areas.

Corporate
Social
Responsibility
(CSR) Policy
Bobcards Limited
A. Philosophy

As a conscientious corporate citizen, BOBCARDS Limited recognizes its role and responsibility
to address some of country’s most pressing challenges relating to education , health,
equality, environment, rural sports, rural development , socio economic development and
access to various facilities for a decent living of mankind.

We are committed to enable people and technology to drive innovation, disseminate

knowledge, and create shared value to improve lives. This is our corporate social responsibility
philosophy (CSR)

Our CSR is strongly connected with the principles of sustainability; an organization should make
decisions based not only on financial factors, but also considering the social and environmental
consequences. As a corporate citizen receiving various benefits out of society, it is our co-
extensive responsibility to pay back in return to the society in terms of helping needy people by
providing foods, clothes, medicines etc., keeping the environment clean and safe for the society
by adhering to the best industrial practices and adopting best technologies and so on. It is the
company’s intent to make a positive contribution to the society in which the company operates.
Being a responsible corporate citizen and belonging to a well-known group in the country and
internationally, BOBCARDS aims to lead the path not only through products and services, but
also via sustainability and CSR initiatives.

The need to engage in responsible practices is led by an intense desire to contribute positively
towards the three pillars of sustainability and CSR-Social, Economic and Environmental. These
three pillars are integral to BOBCARDS businesses that which clearly reflects its commitment,
not only to the direct stakeholders but also to the society, in which it operates.

BOBCARDS remains committed to responsibly and ethically to maintain the trust of its
customers, its employees and other stakeholders.

B. Short title and applicability

This policy, which encompasses the company’s philosophy for delineating its responsibility as a
corporate citizen and lays down the guidelines and mechanism for undertaking socially useful
programmes for welfare and sustainable development of the community at large, is titled as the
BOBCARDS Limited corporate Social Responsibility Policy’, hereinafter referred to as BOBCARDS
CSR.

BOBCARDS CSR has been prepared keeping in mind the company’s code of business ethics and
to comply with the requirements of Companies Act, 2013 (hereinafter called as “the Act”) and
the companies (Corporate Social Responsibility Policy) Rules,2014, notified by the Ministry of
Corporate Affairs.
 This policy shall apply to all BOBCARDS CSR initiatives and activities taken up for the benefit of
different segments of the society, specifically the deprived, under-privileged and differently-
abled persons.

Any or all provisions of the BOBCARDS CSR Policy would be subject to revision/amendment in
accordance with the guidelines on the subject as may be issued from the Government, from
time to time.

BOBCARDS reserves the right to modify, add, or amend any of these policies, rules or guidelines.

This Policy will be applicable from the date of adoption/approval by the Board of Directors of the
company.

C. BOBCARDS CSR Programmes

BOBCARDS CSR programmes/projects areas shall be aligned with the national development
priorities and the needs of the communities and will be in line with schedule VII of the section
135 of the Act.

By its CSR programmes, BOBCARDS shall support programmes /projects and activities in the
following domains:

1. Empowerment

a) programmes/projects that promote gender equality, support creation of opportunities and

facilitate employment for women, the differently abled and other weaker sections of the
society;
b) facilitate financial support and provide educational materials. information and tools such as
books, periodicals, computer equipment to needy schools and children with a view to make
them more educated and thus socially and economically empowered
c) promoting gender equality, empowering women, setting up homes and hostels for women
and orphans, setting up old age homes, health care facilities, day care centers and such
other facilities for senior citizens and measures for reducing inequalities faced by socially
and economically backward groups;

2. Education

a) promoting access and quality of education and foster research and development through
creating infrastructure, promote scholarships, research grants among others in schools,
colleges and universities;
b) programmes/projects on vocational/academic training for women, specially-abled people,
socially and economically backward and other weaker sections of the society.

3. Environment
 a) supporting programmes/projects that focus on conservation of the environment, encourage
use of renewable energy, ensure environmental sustainability proper, waste management,
reducing the carbon footprint and preserve the balance of ecology;
b) ensuring environmental sustainability, ecology balance, protection of flora and fauna, animal
welfare, agro-forestry, conservation of natural resources and maintaining quality of soil, air
and water;

4. Eradication of Poverty

a) programmes/projects and initiatives to impart financial literacy to facilitate financial

inclusion;
b) programmes/projects that help income generation, skill trainings and information
dissemination programs related to farming, agricultural practices and animal husbandry to
support farmers with an aim to encourage rural development and reduce poverty and
hunger.

5. Disaster Relief

a) engage with not-for-profits to deliver programmes/projects that organize relief work in

times of natural calamities;
b) programmes/projects which contribute towards disaster preparedness and humanitarian
aid.

6. Health

a) programmes/projects that help in reducing child mortality, improving maternal health,

combat and prevent diseases, facilitate hygiene and sanitation etc.

7. Others

a) Contribution to the Prime Minister’s National Relief Fund or any other fund setup by the
Central Government for socio-economic development and relief and welfare of the
scheduled caste, scheduled tribes, other backward classes, minority and women.
b) Any other activities in relation of the above and all other activities which forms part of
BOBCARDS CSR programme.

D. Implementation

The CSR Committee may check feasibility of CSR budget/expenditure considering company’s
financial positions of three preceding financial years and if feasible, the CSR committee shall
recommend the same to the Board.

The activities will be carried out as under;

a) CSR activities implemented by the Company on its own,
b) CSR activities implemented by the Company through own trust/society or Holding
company’s (Bank of Baroda) trust/society,
c) CSR activities of the Company through an external party.
While executing its CSR activities, BOBCARDS Shall ensure that such activities are not in normal
pursuance of its business.

BOBCARDS may undertake its CSR activities through a registered trust or society or any
company, established by the company, or its holding company under section 8 of the Act for
such non-for-profit objectives.

Provided that BOBCARDS can carry out its CSR activities through such other institutes having an
established track record of 3 (three) years in undertaking the CSR activities.

BOBCADRS may also collaborate with other companies, banks institutions for undertaking the
CSR activities subject to fulfilment of separate reporting requirements as prescribed in the
companies(Corporate Social Responsibility Policy) Rules,2014(the ‘Rules’).

The Board or CSR Committee shall ensure that its Implementation partners are entities
registered as Trust or Society or Company or Section 8/Section25 Company or Department of
science & Technology (DST), Certified technology incubators or through collaborative projects
with other corporate entities including its parent bank-Bank of Baroda.

The implementing partner should not have less than three years’ experience in implementing
projects. These agencies will be screened based on BOCARDS internal screening criteria to
ascertain the entity ‘s credibility and its ability to execute the proposed projects.

The disbursal of funds will be either in tranched drawdown form or one-time payment,
depending on the nature and requirement of the project. The terms, condition and timing of
disbursement will be discussed and agreed to with the CSR projecting and will typically form part
of the memorandum of understanding with the entity implementing the project.

The CSR Committee will oversee implementation and monitoring of all CSR Projects/
programmes with periodic visits and reports.

E. Governance

The approval of the CSR policy and overall oversight is the responsibility of the Board of
Directors.

The responsibility of the CSR committee is to promote the strategy and administer & execute the
policy.

The CSR committee is to ensure that projects/programmes are compliant with this policy and are
monitored and reported effectively from time to time.

F. Roles and Responsibilities:

Board of Directors

The Board of Directors of the Company will be responsible for:

a. Approval of the CSR Policy of the company:

b. Disclosing the content of the Policy in its report and place the policy on the Company’s
website in such a manner as prescribed under section 135 of the companies Act 2013 read
with the CSR Rules ;
c. Ensuring that the company spends, in every financial year ,at least two per cent of the
average net profits of the company made during the three immediately preceding financial
years in pursuance of this policy ;
d. Ensuring that it specifies the reason in its report for not spending the earmarked amount in
case the company fails to spend such amount during the financial year ;
e. The board shall have the power to make any change(s) in the committee constitution.

CSR Committee

a. Prepare, revise, and modify the CSR Policy for the company and place the same with the
Board of Director for their approval.
b. Ensure that the programmes, projects and activities supported are aligned with the
approved CSR Policy of the company and are also aligned to the activities prescribed in
Schedule VII of the Companies Act, 2013;
c. Review and approve annual budgets/expenditure with respect to CSR programmes;
d. Review performance and effectiveness of projects supported;
e. Develop and institutionalize a CSR reporting mechanism in light with Section 135 of the
companies Act 2013 read with Rule 8 of the CSR rules framed there under;
f. Respond to any query ,observation or clarification sought by the Ministry of Corporate
Affairs or any other regulatory authority with regards to CSR supported activities;
g. Ensure that the approved CSR Policy of the company is displayed on the website of the
company and periodical update is also put up on the web site;
h. Reviewing the finding and recommendations from any investigation or audit by regulatory
agencies or external auditors or consultants, if any concerning BOBCARDS CSR matters; and
i. In case the company is not able to spend two per cent of the average net profits of the last
three financial years or any part thereof, the CSR Committee shall provide the reasons for
not spending the amount to the Board which shall also be included in the Board’s report:

G. CSR Budgets/Expenditure

CSR expenditure will include all expenditure, direct and indirect, incurred by the Company on
CSR programmes undertaken in accordance with the approved CSR Plan.

Moreover, any surplus and/or additional revenue generated out of CSR Activities arising from
any CSR Programmes shall not form part of the business profit of the company and same shall be
spent for undertaking any CSR Activities only.

Accordingly, any income arising from CSR Programmes will be netted off from the CSR
expenditure and such net amount will be reported as CSR expenditure.
Financial Powers for Sanction

Sr. No. Sanctioning Authority Sanctioning Powers

1 Board of Directors Full Power

2 CSR Committee Up to Rs. 15 lacs for

each/single proposal
3 Managing Director jointly with Executive Vice Up to Rs. 2 lacs for
President & Nodal Officer each/single proposal

H. Nodal officer

The Company Secretary at corporate level shall be designated as Nodal Officer, who shall
directly report to the Executive Vice President or Managing Director or the CSR committee or the
Board as the case may be and shall be responsible for following functions;

a) Submit half yearly reports of activities undertaken, budget spend, sanction donations at
each level to CSR Committee for consideration;
b) Ensure that all compliance requirements are met with and necessary reporting done to
appropriate authorities;
c) Minutes of CSR Committee to be submitted to the Board for information;
d) Formation of a Trust and placing the proposal for approval of the CSR Committee and
the Board of Directors, as the case may be;
e) Any other activity as decided by the CSR Committee.

I. General

In case of any doubt with regard to any provision of the policy and also in respect of matters not
covered herein, a reference to be made to CSR Committee. In all such matters, the
interpretation and decision of the committee shall be final.

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Corporate Social Responsibility Department

Policy on Corporate Social Responsibility 2018-19

Introduction
Corporate Social responsibility (CSR) has always been a key component of the operating
philosophy of the Federal Bank Limited (hereinafter referred to as “the Bank”), as
evidenced by the activities of the public charitable trust, set up by the Bank in 1996, in
the fond memory of its Founder Shri. K.P.Hormis and the voluntary adoption of a formal
Policy on CSR by the Bank in 2011-12.
Legal Framework of CSR Policy
Section 135 of the Companies Act 2013 (hereinafter referred to as the Act), effective
from 1.4.2014, read with the Companies (Corporate Social Responsibility Policy) Rules
2014, as amended from time to time, lays down the legal framework for the Bank’s CSR
policy, guided by the core values of quality, reliability and trust, and passion for
excellence pursued by the Bank at all levels .
Corporate Vision and objective of the Policy
The Bank desires to make a meaningful contribution for the improvement of those people
who are at the bottom of the social pyramid, and thereby act as socially conscious, well
governed and successful corporate citizen of the country, maintaining highest standards
of corporate governance with the cooperation and involvement of its employees,
constituents, society, shareholders and other stakeholders including the Government.
The Bank would be ensuring that the activities are undertaken in a manner that every
rupee spent for this purpose will ultimately bring maximum relief to the intended
beneficiaries, and thereby contribute to the long term development of the society. The
Bank aims to do this by engaging in activities that provide socially and environmentally
sustainable benefits for the beneficiaries, measurable in economic terms. This would
demonstrate the social commitment of the Bank, in the same manner as it services the
interest of the customers, employees and shareholders, integrating the social and
business goals.
The activities will be only carried out in India, in areas of operation of the Bank.

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Organization structure for CSR activities
The CSR activities will be undertaken in compliance of and within the legal framework
referred above by the Board of Directors (herein after referred to as “the Board”) on the
basis of the CSR policy formulated and recommended (on a long term, medium term and
short-term basis along with specified timelines) by the CSR Committee of the Board
(herein after referred to as “the Committee) constituted within the frame work of the Act.
The Bank has a specially designated CSR Department that shall coordinate monitor,
ensure, inspect and report to the Committee, that the benefit reaches the intended
beneficiaries.
The Bank will constitute an Executive Committee that will be responsible for review and
sanction of CSR projects and activities.
The constitution of CSR Committee of the Board and CSR Committee of executives is
given as Annexure I.
As far as possible the activities would be implemented by the Trust set up the Bank,
which will act as a special vehicle for the implementation of CSR Activities, with due
compliance of the applicable statutory provisions.
The specific details of the financial delegated powers for review, sanction,
recommendation and approval of CSR projects will be decided and held separately.
Connect with Local Community and Linking business with CSR
More thrust will be given on geographical areas where Bank is having more presence so
that Bank will get good opportunity to connect with the local community, resulting a boost
in the goodwill of the Bank.
CSR initiatives covered by the Policy
In accordance with the corporate philosophy outlined above, and the frame work of the
Act as amended from to time, the thrust areas of CSR activities of the bank would be:
1. Poverty Alleviation: Eradiating hunger, poverty, and malnutrition; Providing safe
drinking water, Housing to economically backward sections of society; Healthcare
including preventive healthcare and Trauma-care in high-ways; Improved sanitation
and hygiene and other measures for reducing inequalities faced by socially
economically backward sections of society including contribution to funds set up by
central Government for promotion of sanitation
2. Education and skill development: Promoting education including special education
and vocational education including skill development for children, women elderly and
differently abled and livelihood enhancement projects and other activities within the
overall objective of promoting education
3. Gender equality and welfare of Senior citizens: Undertaking activities for gender
equality including but not limited for empowerment of women, self-help groups and
similar organizations; setting up homes and hostels women and orphans; setting up
old age homes, day care centers and such other facilities for Senior citizens.

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4. Ensuring environmental sustainability and ecological balance: Undertaking
activities with the overall objective of ensuring environmental sustainability and
ecological balance; protection of flora and fauna; animal welfare; Agro-forestry:
conservation of natural resources including maintaining quality of soil, air and water;
renewable energy and other activities within this overall objective of environmental
sustainability including contributions to funds set up Central Government rejuvenation
of river Ganga .
5. Protection of national heritage: Providing protection of national heritage, art and
culture including restoration of buildings and sites of historical importance and works
of art, setting up public libraries; promotion and development of traditional arts and
handicrafts.
6. Benefit of armed forces veterans: Taking up projects or activities intended for
providing benefit of armed forces veterans, war widows and their dependents.
7. Promote rural, nationally recognized, Paralympic and Olympic sports by
supporting training for attaining excellence in all areas of sports.
8. Contribution to the Prime Ministers National Relief Fund or and other Funds set
up by the Central Government for socio economic development and relief and welfare
of the scheduled castes, the scheduled tribes, other backward classes, minorities and
women.
9. Providing financial assistance to technology incubators, located within academic
institutions duly approved by the Central Government for this purpose
10. Development projects for rural areas and areas declared by Government as slum
areas.
11. Prevention of child abuse and child labor to ensure education for all kids and
providing them facilities/support to the families to help them sending kids to the
schools and thereby prevent child abuse & child labor.
12. Support to Swatch Bharat Mission by constructing toilets for the poor, e-toilets at
public places, support for re-cycling of plastic, e-waste etc.
13. Promotion of digitization: In line with the Government of India’s move towards
higher digitization, with focus digitization in rural and semi-urban areas”
The above objectives are broad based, and will be construed in a liberal manner within
the framework of the Act.
Proposed Core CSR activities for the Financial Year 2018-19
Existing New Additions to the list
Youth engagement Women empowerment
Education Digitization
Promoting Vocational Skills Support to Swatch Bharat Mission
Healthcare
Validity of this policy
This policy shall be valid for a period of 1 year from the date of approval, or earlier, if any
amendments are required to be made.

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 HDFC BANK LTD
CSR Policy #:1

Effective Date: 1st April 2014

Contents

1. Preamble ................................................................................................................................................... 2
2. Purpose ..................................................................................................................................................... 2
3. Policy Statement /Vision ........................................................................................................................... 2
4. Scope ................................................................................................................................................................ 3
5. Governance ............................................................................................................................................... 3
6. CSR Committee ................................................................................................................................................ 3
7. CSR Budget ................................................................................................................................................ 4
8. Supervision ................................................................................................................................................ 4
9.Implementation.......................................................................................................................................... 4
10. Disbursement .......................................................................................................................................... 4
11. Monitoring .............................................................................................................................................. 5
12. Reporting................................................................................................................................................. 5
13. CSR Programs/Projects ............................................................................................................................ 5
14. Areas for CSR Intervention...........................................................................................................Annex 1

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 CORPORATE SOCIAL RESPONSIBILITY (CSR) Policy

1. Preamble

CSR covers the entire process by which an organization approaches, defines and develops its relationships with
stakeholders for the common good, and demonstrates its commitment in this regard by adoption of appropriate
strategies and projects. Thus CSR is not charity or mere donations but a way of going beyond business as usual,
creating shared value and contributing to social and environmental good.

2. Purpose

HDFC Bank is committed to identifying and supporting programs aimed at:

 Developing and advancing the community and in particular, those at the bottom of the pyramid who are
unequally endowed/enabled, and also
 Reducing negative impact of its operations on the environment

This policy will serve as a guiding document to help identify, execute and monitor CSR projects in keeping with the
spirit of the policy.

The CSR policy would function as a self-regulating mechanism for the Bank’s CSR activities and enable adherence
to laws, ethical standards, and international practices in this regard.

3. Policy Statement /Vision

The Bank’s CSR mission is to contribute to the social and economic development of the community. Through a series
of interventions the bank seeks to mainstream economically, physically and socially challenged groups and to draw
them into the cycle of growth, development and empowerment. At the core of this is its commitment to reach out to
marginalized communities through its Sustainable Livelihood Initiatives.

The Bank’s strategy is to integrate its activities in community development, social responsibility and environmental
responsibility and encourage each business unit or function to include these considerations into its operations.

2
4. Scope

This policy will apply to all projects/programs undertaken as part of the Bank’s Corporate Social Responsibility
activities and will be developed, reviewed and updated by reference to relevant codes of corporate governance and
international standards or best practices. This policy is also in line with the CSR Rules (Sec.135 of Companies Act,
2013).

5. Governance

Overall governance of CSR and approving of the CSR Policy will be the responsibility of the CSR Committee of the
Board. The CSR Department of the Bank will be responsible for administering and executing the policy. As the
Bank’s CSR activities evolve further, the policy may be revised with the approval of the CSR Committee of the
Board.

6. CSR Committee

The Bank will institute a CSR Committee of the Board consisting of three or more directors including at least one
Independent Director. The Committee will meet at least three times in a year.The following shall be the terms of
reference of the Committee.

 To formulate the Bank’s CSR strategy, policy and goals

 To monitor the Bank’s CSR policy and performance
 To review the CSR projects/initiatives from time to time
 To ensure legal and regulatory compliance from a CSR viewpoint
 To ensure reporting and communication to stakeholders on the Bank’s CSR projects/initiatives

Consistent with the above, the CSR Committee of the Board currently has the following members:

1. Mr. Umesh Chandra Sarangi, Chairman (Independent Director)

2. Mr. Bobby Parikh (Independent Director)
3. Mr. Partho Datta (Independent Director)
4. Mr. Aditya Puri
5. Mr. Paresh Sukthankar
6. Mr. Malay Patel (Independent Director)

3
7. CSR Budget

The overall amount to be committed to CSR will be approved by the Board as part of the Bank’s overall Annual
Budget/Plan. Within the budgeted amount, specific CSR initiatives/projects will be approved in line with the process
approved by the CSR Committee of the Board. All projects undertaken by the Bank will be approved / ratified by the
Banks CSR Committee.

8. Supervision

The Bank’s CSR activities will be driven by a dedicated CSR team under the guidance and support of senior
functionaries, in particular, the DMD/MD. The CSR Committee and CSR Department would play a significant role
in ensuring that the CSR policy is embedded across the Bank’s operations and the CSR initiatives are in line with
the policy.

9. Implementation

The Bank will undertake CSR projects which are closely linked with the principles of sustainable development and
shared value, with the involvement of local institutions and the community at large.

The CSR Department would assist in implementation and monitoring of the CSR projects/initiatives. The actual
implementation of various initiatives will be broad-based with the involvement of various Bank employees/units or
through implementing agencies like NGOs, Trusts, Societies, Section 8/ Section 25 companies, DST certified
incubation centers or through collaborative projects with other corporates. In case of the implementing agency being
a ‘not for profit’ organization, the entity should typically have not less than three years of experience in implementing
projects in the respective area. The implementation partner will also be screened based on the Bank’s internal
screening criteria to ascertain the entity’s credibility and its ability to execute the proposed projects.

10. Disbursement
The disbursal of funds will be either in tranched drawdown form or one-time payment depending on the nature and
requirement of the project. The terms, conditions and timing of disbursement will be discussed and agreed to with
the CSR Department and project teams, and will typically form part of the Memorandum of Understanding with the
entity implementing the project.

4
11. Monitoring

The CSR Committee will ensure a transparent monitoring mechanism for ensuring effective implementation of the
projects / programs/ activities proposed to be undertaken by the Bank.

The CSR Department would have the responsibility of monitoring approved projects and funds disbursals for such
projects. Monitoring mechanisms will include visits, meetings and progress/status reporting by the project teams.
The Bank’s CSR activities will be reviewed by the CSR Committee. A system will be put in place to maintain a
transparent monitoring and reporting mechanism across all the stakeholders involved in the CSR activities of the
Bank, as desired by the CSR Rules (Section 135, Companies Act, 2013).

12. Reporting

Significant CSR activities and achievements will be reported as part of the Director’s Report in the Bank’s Annual
Report and also as per any other statutory and regulatory reporting requirements.

13. CSR Programs/Projects

The Bank is highly supportive of the involvement of its employees in its CSR initiatives and in community
activities/charities of their choice, and will therefore proactively engage with employees and other key stakeholders
to solicit their active involvement in the Bank’s CSR programs.

To provide a focused and structured approach to the program, the Bank will focus its support and CSR spends on
specific pre-determined causes and areas of intervention as outlined in the Annexure to the policy. The CSR
Department would put up to the Committee appropriate details of proposed projects including implementation year,
modalities of execution in the areas/sectors chosen, implementation schedules for the same etc. The CSR
Committee will consider and approve (in line with the guidelines given below), CSR projects/programs to be
undertaken during the year.

a) The Bank will ensure that its CSR projects are non-discriminatory in nature and do not have any restrictive
political or religious affiliations.
b) The programs/ projects will be within the areas recommended / listed by the CSR Committee and mentioned
in the Policy.
c) The programs/ projects will be beyond business as usual.
d) The programs/projects will be implemented within the country and preferably in areas where the Bank has
its presence.

5
e) The Bank will actively consider Programs/Projects that have been identified by employees and also those
where employees are directly involved through volunteering efforts
f) Programs/Projects that integrate business models with social and environmental priorities and processes in
order to create shared value will be encouraged.
g) The Bank will consider Programs/Projects closely linked with the principles of sustainable development.
h) Programs/Projects should not be exclusively for the benefit of employees of the company or their family
members or those that are conducted /undertaken exclusively in pursuance of the normal course of business.
i) Any surplus, generated out of the CSR activities of the Bank, will be ploughed back to the CSR Initiatives of
the Bank.

6
AREAS OF CSR INTERVENTION (Annex. 1)
Enumerated below are the areas under which the Bank will implement its CSR Projects. This will be reviewed from
time to time by the CSR Committee of the Board and specific initiatives under these will be undertaken in line with
the CSR Policy to meet the overall objectives of these interventions.

1. Empowering through Sustainable Livelihood Initiatives (SLI)

Category: Companies Act- 2013, Schedule VII (i) Eradicating Hunger, Schedule VII (ii) Livelihood Enhancing Projects,
Schedule VII (ii) Empowering Women

HDFC Bank’s Sustainable Livelihood Initiatives are designed to empower thousands of people, particularly women
in rural parts of India. Through this initiative, the Bank reaches out to the un-banked and the under-banked
segments of society and in doing so, it seeks to help as many people as possible at the bottom of the pyramid by
providing them with livelihood finance.

Under this project the Bank will continue to support people (primarily woman) who are financially excluded through
a holistic approach that will also offer training for enhancing occupation skills, credit counseling, financial literacy
and market linkages.

2. Financial Literacy and Inclusion

Category: Companies Act -2013, Schedule VII (i) Promoting Education, Schedule VII (ii) Livelihood Enhancing
Projects

The Bank believes that absence of financial knowledge can lead to poor financial decisions that can have an adverse
effect on the financial health of an individual. The Bank will endeavor to provide familiarity with and understanding
of financial products, especially of rewards and risks, in order to better equip the financially excluded to make
informed choices. These projects will endeavor to promote financial literacy amongst various segments such as
students, senior citizens and others in the communities, directly or through implementing partners.

The Bank will organize financial literacy awareness programs and through multiple media to create financial
awareness and promote inclusion in the marginalized communities.

3. Promoting Education
Category: Companies Act -2013, Schedule VII (i) Promoting Education

Education is one of the building blocks of any nation. With the aim of having ‘every child in school and learning’ the
Bank’s interventions will aim at mainstreaming children and improving the quality of education they receive. A
multitude of interventions such as educational sponsorships to students belonging to
economically/socially/physically challenged categories, training programs for teachers, supporting the
infrastructure or running cost of reading programs, libraries, supportive classes, computers, science laboratories,
physical education etc. will be undertaken to create a conducive learning environment and to promote learning.

Within the scope of education, programs aimed at bridging the skill gap, in particular in the banking industry, and
transforming candidates into job ready professionals will also be covered.

7
4. Skill Training and Livelihood Enhancement
Category: Companies Act -2013, Schedule VII (ii) Employment Enhancing Vocational Skills and Livelihood Enhancing
projects

A growing economy like India requires a large and skilled workforce. The Bank’s skill training initiatives will aim at
training and capacity development of youth and women from economically weaker sections of society, and to
empower them to gain access to opportunities for sustainable livelihood and growth.

The Bank will support technical training courses, Skill Development Centers, non formal vocational programs aimed
at creating livelihood opportunities, soft skill training aimed to facilitate integration into mainstream and soft loans
for self- financing of training. Under the scope of this initiative, the Bank will also support upgrading skills and
capacity building of farmers by introducing innovative methods of cultivation and creating market linkages.

5. Promoting Healthcare
Category: Companies Act -2013, Schedule VII (i) Promoting Preventive Healthcare
The Bank will address the healthcare needs of the community through innovative products and services. One of
the Bank’s largest initiative currently addresses the shortage of blood and storage of the same. This is an area in
which the Bank and its employees are actively engaged. The Bank will continue to conduct Blood Donation Drives
and support the setup of ‘Blood Storage Units’ in rural locations that do not have a blood banks, to ensure supply
of blood.

The Bank recognizes the difficult conditions under which our defence/police force operate in and will extend
support though special products to provide them with a security cover.

6. Environmental Sustainability
Category: Companies Act -2013, Schedule VII (iv) Ensuring Environmental Sustainability, Conservation of Natural
Resources and Maintaining the quality of soil.

Sustainability is one of the core values of the Bank and climate change mitigation and environmental improvements
are essential elements of its strategy for sustainability. The Bank will initiate multiple projects implemented directly
or through consultant partners to manage its emissions and to introduce environmental friendly practices. Social
Communication will be used as an effective tool in influencing behavior and creating a sustainable environment for
the community.

The Bank will encourage investment in energy efficient technology, developing socially and environmentally
friendly products and services, improving access to water by creating/sponsoring irrigation and water storage
structures, promoting public transport by creating appropriate infrastructure, benchmarking and reporting on
Sustainability projects.

7. Eradicating Poverty
Category: Companies Act -2013, Schedule VII (i) Eradicating Poverty, Hunger and Malnutrition

8
The Bank recognizes the need to reach out to those at the bottom of the pyramid by providing them with need
based assistance. The Bank will also encourage employees to continue to contribute to society by undertaking
projects in their respective areas.

The Bank’s Payroll Giving Program will encourage employees to donate a part of his/her salary. This amount may
be matched by the Bank and the combined amount donated by the employee to a cause of his/her choice. These
causes may include providing rations/nutrition, medical care, supporting education, etc.

8. Rural Development
Category: Companies Act -2013, Schedule VII (x) Rural Development

With the objective of contributing to the improvement of the economic and social well-being of people in rural
areas, the Bank will initiate programs that empower the rural population. These will range from making financial
services and products available to these areas and bringing them within the banking fold, to creating innovative
products to suit the requirements of the rural population. The Bank will support projects providing electrification
through solar or alternate methods, improving access to water, healthcare & sanitation, and construction & running
cost of schools and health centers, amongst others.

9
International Journal of Advanced Educational Research

International Journal of Advanced Educational Research

ISSN: 2455-6157
Impact Factor: RJIF 5.12
www.educationjournal.org
Volume 3; Issue 1; January 2018; Page No. 490-492

Corporate social responsibility: A case study of state bank of India array antenna
Harsimran Singh
Assistant Professor, Department of Commerce, GGN Khalsa College, Civil Lines, Ludhiana, Punjab, India

Abstract
Corporate Social Responsibility (CSR) is an important feature of every business organization nowadays. The concept of Corporate
Social Responsibility (CSR) has come into the policy landscape due to the new Company Bill 2012, which envisages a statutory
responsibility on the companies of spending two percent of their profit on the non-business socially relevant activities primarily
aimed at the localities where they are undertaking their business. This paper focuses on the strategies adopted by SBI in CSR and
its impact on business. This research paper deals with the concept of Corporate Social Responsibility in Banking Industry
particularly the sense of responsibility of State Bank of India (SBI) towards the upliftment of common masses and protection of
the environment and development of the nation. Banking as a sector has been unique and the interests of other stakeholders appear
more important to it than in the case of non-banking and non-finance organizations. Regarding the banking sector Bhatt (2008)
stated that banks do not exist vacuum. They make a large contribution to the country's GDP growth, meet the demand of the
growing middle class, contribute to infrastructure spending, and reach out to the semi urban and rural areas. The Reserve Bank of
India (RBI) (2011) on stressing the need for CSR, suggested the banks to pay special attention towards integration of social and
environmental concerns in their business operations to achieve sustainable development. The Banking Sector performing their
banking services more effectively in comparison with the past and started working towards social banking that is Corporate Social
Responsibility.

Keywords: corporate social responsibility, SBI

Introduction
In the present times of intense competition, the only survival
strategy for the business is to grow. However, not only
growth, Business is expected to create wealth, supply market,
generate employment, innovate and produce a sufficient
surplus to sustain its activities and improve its competitive
environment. Corporate Social Responsibility (CSR) is a
management concept whereby companies integrate social and
environmental concerns in their business operations and
interactions with their stakeholders. CSR is generally
understood as being the way through which a company
achieves a balance of economic, environmental and social
imperatives (“Triple-Bottom-Line- Approach” i.e. profit,
planet and people ) while at the same time addressing the
expectations of shareholders and stakeholders. The origin of
the CSR construct has been traced back to the works of
Bowen, particularly his book Social Responsibilities of
Businessmen published in 1953 (Valor, 2005). CSR is defined
as the continuing commitment by business to behave ethically
and contribute to economic development while improving the
quality of life of the workforce and their families as well as of
the local community and society. At present, there is a visible
trend in banking sector in promoting environment friendly and
socially responsible lending and investment practices.
The Clause 135 of new Companies Bill seeks to make it
mandatory for companies of a certain financial strength to
spend at least 2% of their average net profit over three years
on corporate social responsibility. As per the new norms, the
Two per cent spending on CSR is not mandatory but reporting
about it is, also mandatory. The CSR norms are applicable to
companies having either net worth of Rs 500 crores or more;
turnover of Rs 1,000 crores or more; or net profit of Rs 5
crores or more.
Why SBI
State Bank of India (SBI), with a 200-year history, is the
largest commercial bank in India in terms of assets, deposits,
profits, branches, customers and employees. SBI is ranked
60th in the list of Top 1000 Banks in the world by "The
Banker" in July 2012. As of December 2012, it had assets of
US$501 billion and 15,003 branches, including 157 foreign
offices, making it the largest banking and financial services
company in India by assets. That is why SBI has been selected
for the present study.
Objectives of the study
 To have an insight into the amount spent by SBI on CSR
in different years.
 To study the sector wise deployment of CSR expenditure.
 To know CSR initiatives undertaken by SBI Group.
Research methodology
The present study is a descriptive study relied mainly on
secondary data sources. The data has been collected from
various authentic sources such as SBI Annual reports,
journals, websites and magazines.

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International Journal of Advanced Educational Research
Case study analysis
As a constituent component of society, each company owes its
own existence to society. Consequently, no company can
function as a going concern without contributing to the
sustained development of society. The SBI Group has a strong
awareness of the “social nature of companies” and the need to
be a “strong and respected company.” With this in mind, the
SBI Group is actively conducting various corporate social
responsibility (CSR) programs.
Table 1: CSR Spending By State Bank of India
Year Amount spent on CSR (in INR crores)
2014-15 115.80
2015-16 143.92
2016-17 109.82
Source: SBI annual reports
By analyzing the table No.1, we can see that in the year 2014-
15, the expenditure of SBI on different CSR activities were
115.80 crores, which increased to 143.92 crores in the year
2015-16,but in the next year 2016-17 CSR expenditure 109.82
which is declined from the previous year, but cross 100 crore
target sixth time. The Executive Committee of the Central
Board has approved in August 2011 a comprehensive policy
for Corporate Social Responsibility. The year 2016-17 saw the
CSR activities of the Bank scaling new heights of
achievement and glory by winning the prestigious Golden
Peacock Award for Corporate Social Responsibility 2012,
awarded in Dubai by the Institute of directors, New Delhi.
The breakup of sectoral deployment of SBI’s CSR
Expenditure during the year 2016-17 has been as under:
Table 2: Sector wise Deployment of CSR Expenditure
CSR Activities Amount (in crores)
National Donations 20.0
Supporting Education 3.57
Supporting Healthcare 47.57
Assistance to Underprivileged 1.57
Research and Development 7.61
Supporting Culture 3.12
Environment Protection 8.76
Other Projects 17.6
total 109.82
Source: SBI annual reports
In Table No.2, the expenditure on CSR activities is given
based on different sectors. The total expenditure in the form of
Donations is 109.82 crores.SBI, believe that they owe a
solemn duty to the less fortunate and underprivileged
members of the society to make a sustainable social change in
their development.
From above, the focus areas for CSR activities in SBI are:
 National Donations
SBI has always been at forefront to help the States affected by
natural calamities. During the year 2016-17, the Bank had lent
its helping hand to the various states (affected by flood,
cyclone and earthquakes). It has given donations of Rs 20
crores to the Chief Minister's Relief Fund of the respective
states to provide help to the people affected by natural calamities.
 Supporting Education
In the field of education, for better governance and standards,
Bank, has launched a project to transform and upgrade the
outcome of education and educational infrastructure in 1300
schools run by the Municipal Corporation in partnership with
the Municipal Corporation of Greater Mumbai (MCGM). SBI
has drawn up a programme named "SBI Indi corps" for youth,
which would give fresh graduates from colleges/institutions an
opportunity to live in villages and work on development
projects with reputed NGOs. To support school education and
to bring happiness to millions of schoolchildren specially the
underprivileged children, Bank provided 120,000 electric fans
to 12,000 schools across India. During the year, the Bank also
provided large number of buses/vans to needy schools.
Preference has been given to schools for physically/mentally
challenged children, and children belonging to economically
weaker sections etc. SBI also assisted those with computers,
furniture and other accessories
SBI Youth for India Fellowship: Bank has granted fellowship
to educated youth and deployed them to rural areas to
undertake innovative projects to address local problems of
rural poor. SBI has touched upon many projects like Rural
Employment Guarantee Schemes, IVRS helpline for farmers
& fishermen, Career guidance, Enhancing marketability of
farm produce, Education of rural youth through ICT,
Environment protection, and many others.
 Supporting Healthcare
The focus of the Bank has been to help provide the basic
infrastructure support to ameliorate the condition of the
common person. Ambulances, medical vans to enable medical
camps in remote areas and mobile blood collection vans and
host of other medical equipment were donated to needy
organizations/hospitals for speedy transportation of critical
patients as well as to provide medical services to the remotest
parts of the country.
The Bank had donated 95 such vehicles with an expenditure
of 47.57 crores during the year. Medical equipment costing
6.10 crores were donated to need hospitals/healthcare
institutions. Providing safe drinking water has always been a
challenge for schools. SBI installed 13,600 water purifiers in
various schools, ensuring clean & safe drinking water to
millions of children in schools. SBI group of companies also
provided school buses and ambulances for community.
 Assistance to Underprivileged
SBI have adopted girl children from underprivileged class and
assist them financially for their education. Bank has adopted
17627 girl children. State Bank of India had donated Maruti
Suzuki EECOs for orphaned and under-privileged children in
Delhi as part of its corporate social responsibility (CSR). The
vehicles will benefit around 100 under-privileged children.
SBI has donated computers, inverters, bookshelves, dormitory
almirahs and exhaust fans for 25 deprived children.
The SBI Group, through its belief in the utter importance of
inspiring action on behalf of the children, who will shoulder
Japan’s future, has founded the SBI Children’s Hope
Foundation. It is actively involved in leveraging the networks
and knowledge cultivated by the SBI Group as a private
corporation, to assist in the development of self-reliance of
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International Journal of Advanced Educational Research

abused children, and to foster improvements in child welfare.
Between FY2005 and FY2012, the Foundation donated a total
of ¥780 million towards these efforts for children.
The SBI Children’s Hope Foundation has supported the
Orange Ribbon Campaign, which raises public awareness of
child abuse prevention. Every November, which is Child
Abuse Prevention Month, SBI Group executives and
employees wear orange ribbons to raise awareness of this
issue within and outside the SBI Group.
The Bank has constituted SBI Children’s Welfare Fund as a
Trust in 1983. The Corpus of the Fund is made up of
contributions by staff members and matching Contribution
provided by the Bank. Grants are extended to institutions
engaged in the welfare of underprivileged/downtrodden
children like orphans, destitute, challenged and deprived, etc.
During the FY 2016-17, 8 projects were assisted with 7.26
lacs.
 Research and Development
The Bank supports research work relevant broadly to the
activities of the bank from its Research & Development Fund.
The Bank makes an annual contribution of GBP 100,000
towards a Chair set up by the Bank jointly with RBI at the
Asia Research Centre at London School of Economics.
 Supporting Culture
CSR has a special relevance for India as India has a rich and
living spiritual heritage to complement the “analytical ethics”
from the West with her “intuitive” or “being” or
“consciousness” ethics and SBI has spent Rs. 1.15 crores on
supporting cultural development in India during 2016-17.
training with a key focus on enhancing people skills, in
addition to a focus on intellectual training.
Conclusion
To conclude, State Bank of India has a comprehensive CSR
policy approved by the Board. They are concentrating mainly
on education, balanced growth (different strata of society),
health, environmental marketing and customer satisfaction as
their core CSR activities. The SBI bank is found to be
adopting an integrated approach by combining CSR with the
ultimate customer satisfaction.
References
1. McGuire JB, Sundgren A, Schneeweis T. Corporate
Social Responsibility and Firm Financial Performance,
Academy of Management Journal. 1988; 31(4):854-872.
2. Narwal, Mahabir. CSR initiatives of Indian banking
industry, Social Responsibility Journal. 2007; 3(4):49-60.
3. Rangarajan C. Report of the Committee on Financial
Inclusion, Ministry of Finance, Government of India,
2008.
4. Sharma Nishi. CSR practices and CSR reporting in Indian
banking sector, International Journal of Advanced
Economic and Business Management. 2011; 1(2):58-66.
5. Eliza Sharma, Dr. Mukta Mani. Corporate Social
Responsibility: An Analysis of Indian Commercial
Banks, AIMA Journal of Management & Research,
Februar. 2013; 7(1/4):0974-497.
6. State Bank of India -Annual Reports
7. Guidelines on Corporate Social Responsibility and
Sustainability for Central Public Sector Enterprises.

 Environment Protection
SBI fully subscribes to and actively supports a Clean
Environment Policy. To the extent possible, unnecessary
printing is avoided and information and instructions are
conveyed through secure electronic channel. The SBI Group
manages an Environment and Energy Fund, which, as of the
end of March 2010, has commitments for contributions
amount totaling approximately ¥ 8.4 billion. The fund invests
in Japanese and foreign companies that are associated with the
environment and energy. As one of Japan’s largest venture
capitalists, the SBI Group has an abundance of experience in
investing in and nurturing venture companies in important
fields such as information technology and biotechnology.

 Other Projects
The SBI Children’s Hope Foundation sponsors training for
about 50 specially selected care workers at child care
facilities, conducting separate programs in Eastern and
Western Japan. The objective is to provide on-the job training
programs that give personnel at facilities the knowledge and
skills required to help abused children heal their emotional
scars. SBI Life participated in Mumbai Marathon 2013 to
support mentally challenged children through its CSR partner
Swayamsiddh.
SBI Graduate School, which is entrusted with certain in-house
training primarily for new employees and offers self-
motivated employees a place for training, provides an
opportunity for human learning through an emphasis on moral

492
Corporate Social Responsibility
(CSR) Policy
Effective from FY 2014-15

YES BANK Limited, YES BANK Tower, IFC – 2, 15th Floor,

Senapati Bapat Marg, Elphinstone (W), Mumbai 400 013, India
 Corporate Social Responsibility Policy
CSR and Sustainability at YES BANK

Vision - Be the benchmark financial institution for inclusivity, sustainability and climate action

Mission - Link CSR, sustainable development and climate action with stakeholder value creation
through innovative solutions and services & accelerate mainstreaming of sustainability into YES
BANK’s core business strategy and processes

Deliverables - Deliver internal and external positive socio-environmental impact aligned to national
priorities and Sustainable Development Goals (SDGs). Enhance YES BANK’s influence in CSR and
sustainability space

Objective:

YES BANK, through its Responsible Banking ethos aims to enhance value creation and is committed
towards playing a larger role in India’s sustainable development by embedding wider economic, social
and environmental objectives.

Approach towards Corporate Social Responsibility:

To fulfil its CSR objectives through the following broad level actions and investing in focus areas:

 Promote principles of social responsibility and inclusive growth through awareness and
support
 Invest in socially and environmentally responsible activities to create positive impact
 Engage with stakeholders to further the sustainability agenda of the bank and empower with
knowledge
 Collaborate with likeminded institutions and forge partnerships towards addressing the
needs of the stakeholders
 Monitor the environmental and social investment of YES BANK through structured
governance and transparent performance indicators

Our Focus areas –

 Livelihood and Water Security

 Employability and Entrepreneurship
 Environmental Sustainability
 Social Transformation

Major part of the spending will be aligned to national priorities and Sustainable Development Goals
(SDGs).
Delivery and implementation –

 The project plan for the initiatives will include mapping to the focus areas with clear
measurable and modalities
 This plan will be approved by the CSR Committee (Annexure-1)

Monitoring -

 For effective implementation of the CSR initiatives undertaken, a monitoring

mechanism will be set up under the guidance of the CSR Committee
 The progress of CSR activities under implementation will be reported to the
Committee, on a periodic basis
 An yearly report on CSR activities will be included in YES BANK’s Annual Report
 The surplus arising out of the CSR activities will not be part of business profits of the
Bank

Life of policy –

 Effective from the date of approval until further notice

Applicability –

 Applies to YES BANK’s corporate offices, national operating centres and branch
locations within India

General –

 In case of any ambiguity or clarification with regard to any provision of YES BANK’s
CSR Policy and in respect of any matters not covered herein, a reference may be
made to the CSR Committee of the bank. In all such matters, the interpretation and
decision of the Committee shall be final
 The provisions of the CSR Policy would be subjected to revision/ amendment in
accordance with the guidelines on the subject as may be issued by Government, from
time to time
 YES BANK reserves the right to amend, modify, cancel, add, or alter any provisions
of this Policy subject to approval of the Board
Annexure 1

I - CSR Committee details

Members of the committee:

1. Mr. Brahm Dutt, (Chairman), Independent Director

Mr. Brahm Dutt is the Non- Executive Part time Chairman of the Bank and has been
on the Board of YES BANK since July 2013 as an Independent Director. During his
career in the IAS for 37 years, he held several posts in the State Government of
Karnataka as well as in the Central Government and rose to the level of Secretary to
Government of India.

2. Mr. Maheswar Sahu, Independent Director

Mr. Maheswar Sahu is an ex-senior civil servant with over 30 years of leadership
experience in Central and State Governments. He joined the Indian Administrative
Service (IAS) in 1980 and has served the Government of India and Government of
Gujarat in various capacities for more than three decades before retiring as
Additional Chief Secretary, Govt. of Gujarat in 2014.

3. Dr. Pratima Sheorey, Independent Director

Dr. Pratima Sheorey has over 21 years of experience in Academics (Marketing),
Consumer behaviour, Market Research, Training and Customer Insight mapping. Dr.
Sheorey brings with her extensive research on Consumer behavior, Customer
loyalty, Market research across consumer focused sectors, with a specific emphasis
on creating an all-round experience in customer engagement.

4. Ms. Shagun Kapur Gogia, Non-Executive Non Independent Director

Ms. Gogia is the Founder and Managing Director of Tuscan Ventures which she
founded in 2007. She has 20+ years of extensive experience in General & Financial
Management of corporate bodies. Ms. Gogia is a cum laude Double Major in
Economics and Biology from Tufts University, USA. She also holds an MBA in
Finance from the Indian School of Business, Hyderabad.

5. Mr. Ravneet Gill, Chief Executive Officer & MD

Mr. Ravneet Gill assumed charge as CEO & MD of YES BANK Ltd. on March 1, 2019.
Prior to that he was the Chief Executive Officer of Deutsche Bank in India and a
member of its Asia Pacific Executive Committee since July 2012. Ravneet has 33 years
of extensive banking experience across structured financing, foreign exchange,
transaction banking, risk management and private banking.
 IDFC FIRST BANK LIMITED

Corporate Social Responsibility Policy

1
 IDFC FIRST BANK LIMITED

Corporate Social Responsibility Policy

Our Vision Corporate Social Responsibility (“CSR”) has been a way of life
within IDFC Group ingressed into its philosophy and vision.

The ‘headline’ objective of IDFC FIRST Bank Limited (“IDFC FIRST

Bank” or the “Bank”) CSR policy is to ensure that CSR activities
are not performed in silos and that it be skilfully and inextricably
woven into the fabric of the Bank’s business strategy for overall
value creation to all stakeholders.

IDFC FIRST Bank believes that profitability must be

complemented by a sense of responsibility towards all
stakeholders with a view to make a material, visible and lasting
difference to the lives of disadvantaged sections of the society,
preferably in the immediate vicinity in which the Bank operates
but at the same time ensure widespread spatial distribution of its
CSR activities all over India befitting its status as a conscientious
corporate citizen.

This policy shall apply to all CSR initiatives and activities

undertaken/to be undertaken by IDFC FIRST Bank at various
locations, within India :
i. directly;
ii. through IDFC Foundation (“IDFC Foundation” or
“Foundation”), a Section 8 Company under the
Companies Act, 2013 (“the Act”) or IDFC Institute, a
Trust registered under the Indian Trust Act, 1882 and/or;
iii. through external agencies, Trust, Society, NGOs having
the requisite track record of 3 years in the relevant
project/programme.

Bank’s Since 2007, IDFC Limited, the ultimate holding company of IDFC
Philosophy on Bank has formally set aside over 1.7% of its Profit After Tax (PAT)
CSR every year for CSR activities. Post incorporation of IDFC
Foundation, the CSR activities of IDFC Limited are carried out
through IDFC Foundation, which enables Foundation to invest in
various non-commercial interventions.

IDFC FIRST Bank would carry out CSR activities as and when
it falls within the purview of Section 135 of the Companies Act,
2013.

2
CSR Committee The CSR Committee of the Board of Directors (“Board”) would
consist of 3 or more directors, out of which at least 1 director shall
be an Independent Director.

The CSR Committee, as mandated under Section 135 (3) of the

Companies Act, 2013 shall –

i. formulate and recommend to the Board, a CSR Policy

which shall indicate the activities to be undertaken by the
Bank as specified in Schedule VII of the Act;

ii. recommend the amount of expenditure to be incurred on

the activities referred to in (i) above;

iii. monitor the CSR Policy of the Bank, from time to time;

iv. annually report to the Board, the status of the CSR

activities and contributions made by the Bank; and

v. any other requirements mandated under the Act or Rules

issued thereunder.
The Objects and the role of the Bank shall also be dependent on
the extant provisions of the Act, the Rules and other applicable
Regulations, as amended from time to time.
CSR Activities 1. IDFC Bank’s CSR activities would be in the form of well-
defined programmes or projects, the outcomes of which could
be measured objectively. The objective of projects would be to
explore small-scale decentralized solutions across the focus
sectors defined in this policy, in consistence with the
provisions of the Act. The projects would be conceptualized
and designed based on a need identification exercise carried
out in consultation with relevant stakeholders including
government departments in the focus geographies. Wherever
required, a research study may be conducted to evaluate
different feasible models / options. If it is felt necessary to
ensure smooth implementation of projects, a team of IDFC
FIRST Bank / IDFC Foundation / IDFC Institute may work in
close co-ordination with the relevant government departments
of the State. The learning from such impact studies can be
shared with the government agencies/relevant stakeholders,
so as to demonstrate replicable solutions.

2. Schedule VII lists out the activities which may be included by

companies in their CSR activities. The said activities include
the following:

 eradicating hunger, poverty and malnutrition, promoting

3
 preventive health care and sanitation including contribution
to the Swach Bharat Kosh set up by the Central
Government for the promotion of sanitation and making
available safe drinking water;
 promoting education, including special education and
employment enhancing vocation skills especially among
children, women, elderly, and the differently abled and
livelihood enhancement projects;
 promoting gender equality, empowering women, setting up
homes/hostels for women & orphans; setting up old age
homes, day care centres & such other facilities for senior
citizens and measures for reducing inequalities faced by
socially & economically backward groups;
 ensuring environmental sustainability, ecological balance,
protection of flora and fauna, animal welfare, agro forestry,
conservation of natural resources and maintaining quality of
soil, air and water including contribution to the Clean Ganga
Fund set up by the Central Government for rejuvenation of
river Ganga;
 protection of national heritage, art and culture including
restoration of buildings and sites of historical importance
and works of art; setting up public libraries; promotion and
development of traditional arts and handicrafts;
 measures for the benefit of armed forces veterans, war
widows and their dependents;
 training to promote rural sports, nationally recognised
sports, paralympic sports and Olympic sports;
 contribution to the Prime Minister’s National Relief Fund or
any other fund set up by the Central Government for
socio-economic development and relief and welfare of the
Scheduled Castes, the Scheduled Tribes, other backward
classes, minorities and women;
 contribution or funds provided to technology incubators
located within academic institutions which are approved by
the Central Government;
 rural development projects;
 slum area development and
 such other activities, as may be prescribed, from time to
time.

3. However, out of the aforesaid activities, IDFC Bank’s CSR

activities would seek to -
i. serve the poor, marginalised and underprivileged;
ii. promote inclusion;
iii. be sustainable; and
iv. meet needs of the larger community and society.

4
 4. IDFC Bank would primarily focus on CSR activities of the
below areas, more particularly described in Annexure A :
i. livelihoods;
ii. rural development projects;
iii. promoting healthcare including preventive health care;
iv. education;
v. community engagement/development;
vi. environmental sustainability;
vii. disaster relief;
viii. research & studies in all or any of the activities mentioned
in Schedule VII.
ix. others;

The scope of the policy has been kept as wide as possible, so as

to allow the Bank to respond to different situations and challenges
appropriately and flexibly, subject to the activities enumerated in
Schedule VII of the Companies Act, 2013.

Restricted 1. The Bank shall endeavour not to include any of the business
Activities activities undertaken in the normal course of business of the
Bank within the ambit of CSR activities.

2. Contribution of any amount directly or indirectly to any political

party under Section 182 of the Act.

3. CSR Projects or activities that benefit only the employees of

the Bank and their families.

4. No contribution to be made for any activities undertaken

outside India. The surplus, if any arising out of the CSR
projects or programmes or activities shall not form part of the
business profit of the Bank.

5. One off events such as Marathons/Awards/Charitable

contributions/ Advertisement/Sponsorships of TV programmes
etc.

6. Expenses incurred by companies for fulfilment of any

Act/Statute of regulations.

7. Contribution in kind cannot be monetized

8. Monetization of pro-bono services of employees.

CSR Expenditure Every year, IDFC FIRST Bank would transfer to IDFC
Foundation/IDFC Institute an amount equivalent to at least 2%
of its average net profits (calculated as per Section 198 of the
Act) made during the three immediately preceding financial years
(less any contribution made directly by the Bank or through any
external agency/NGO) towards CSR activities.

5
 The costs of research and capacity building, grants for execution
of projects/programmes, employee costs and other administrative
overheads would form a part of the programmes and projects so
selected.

IDFC FIRST Bank shall give preference to the local area and areas
around it where it operates, for spending the amount earmarked
for CSR activities. CSR Projects or Programmes or activities
undertaken in India only shall amount to CSR Expenditure.

If for some reason the funds remitted to IDFC Foundation are not
utilized within the fiscal year, such unutilised funds would be
automatically carried forward for utilization in the succeeding
year(s) for CSR activities and will not form part of the business
profits of the Bank.

Collaboration The Bank may undertake the CSR activities on its own or through a
Trust/ Society/Not for Profit Company.

The Bank may collaborate for undertaking the CSR activities along
with its group companies, including its eligible holding or
subsidiary companies or any other companies outside the group,
as the case may be.

The Bank may also undertake CSR activities through external

agencies, NGOs having the requisite track record of 3 years in the
relevant project/ programme and a report on the same shall be
disclosed separately as may be prescribed from time to time under
applicable provisions of Companies Act, 2013.

Capacity Building/ The Bank may build the CSR capabilities of its own personnel as
Training well as those of implementing agencies through Institutions with
established track record of atleast three financial years or such
experience, as may be required under the applicable provisions of
the Companies Act, 2013, as amended from time to time.

The Bank shall ensure that the total expenditure for training or
capacity building of its personnel (including administrative
overheads) does not exceed 5% of the total CSR expenditure of
the Bank in one financial year or such other percentage as may be
prescribed from time to time under applicable provisions of
Companies Act, 2013, as amended from time to time.

6
Accounts and A separate accounting for CSR related expense and receipts shall
Audit be maintained.

In case specified projects or programmes are to be undertaken

through third party agencies the Bank would need to specify the
manner of accounting and tracking the expenditure incurred
through third party agencies.

The amount spent on CSR by the Bank will be subject to audit at

such intervals, as may be required, from time to time.

Monitoring/ The Board shall ensure activities as are included in its CSR Policy
Evaluation of the Bank are undertaken by the Bank.
Mechanism and
Assessment The CSR Committee shall monitor the CSR Policy of the Bank from
time to time.

The CSR Committee shall institute a transparent monitoring

mechanism for implementation of the CSR projects or
programmes or activities undertaken by the Bank which shall
include the following :

i) Release of funds for CSR Project/Programme: The amounts

sanctioned for a CSR project or programme, will be released in
stages or instalments as per progress, or as may be
determined from time to time.

ii) Review by Board/CSR Committee: The Board and CSR

Committee will review the implementation of CSR on Annual
basis.

iii) Utilisation Certificate: Funds released to the implementing

agency would be based on satisfactory utilization certificate
duly certified by an authorised officer of the Implementing
Agency.

iv) External Agency assessment: The impact

assessment/ evaluation of
major projects may be carried out by an external agency to
critically assess the fulfilment of project objectives.

v) Audit: The amount spent on CSR by the Bank will be subject to

audit at such intervals, as may be required, from time to time.

7
Tax Treatment Tax treatment of CSR spent will be in accordance with Income Tax
Act, 1961, as amended from time to time and other applicable
rules or circulars issued by the Central Board of Direct Taxes.

Dissemination of The CSR Policy of the Bank shall be placed on the website of the
Information Bank viz. www.idfcfirstbank.com. A detailed status report on the
CSR activities carried out by the Bank shall be disclosed every year
as a part of the Boards’ Report in the Annual Report. The CSR
Committee will also make a Responsibility Statement stating that
the CSR Policy implementation and monitoring thereof is in letter
and spirit, in compliance with the CSR objectives of the Bank.

Approved by IDFC FIRST Bank Board after recommendation by CSR Committee

of the
Bank.
Amendment This Policy may be amended, from time to time, by the Board on
the recommendation of the CSR Committee of the Bank.

Review History Approved on April 26, 2016.

This CSR Policy shall be reviewed, as and when required. Any

amendment to this Policy as per change in law or otherwise shall
be made by the Founder Managing Director & CEO, which shall be
ratified at the next meeting of the Board held after such change.

8
 Annexure A

CSR Programme CSR Initiatives

Livelihoods a) Conducting cattle care programs through

Integrated Learning Development Centre (ILDC)
and cattle camps.
b) Sponsoring candidates for skill development and
vocational training programmes offered at
identified institutions.
c) Creating, training and supporting entrepreneurs.
d) Creating, training and supporting self help groups,
federations, co-operatives, societies and similar
institutions.
e) Building capacities of farmers on improved
methods of agriculture and other allied sectors.
f) Developing water harvesting structures and
irrigation facilities.
g) Supporting farmers with quality inputs, technical
know-how and timely information.
h) Creating markets and marketing linkages for farm
and forest based produce.
i) Undertaking and supporting research on
agriculture and other allied sectors.
j) Sustainable livelihoods programmes for women
empowerment.
k) Setting up and running skill development centers,
industrial training centers, diploma and polytechnic
institutes, community colleges, etc.

Rural Development a) Improving water conservation and rain water

Projects harvesting
b) Improving food security and enhanced nutrition
c) Developing community infrastructure
Health such as promoting To address issues around affordability and
healthcare including accessibility of quality healthcare and bring about
preventive health care improvement in awareness and health seeking
behavior in various parts of India, enabling a better
living, through initiatives such as:
a) Primary, secondary and tertiary care facilities
b) Conducting need based health camps and
providing consultation, medicines etc.
c) Working on maternal and child health
d) Ensuring access to potable drinking water and
hygienic sanitation

9
 e) Behavioral change for improved mother and child
health
f) Improving healthcare delivery through innovative
outreach/awareness programmes
g) Working for the visually impaired and physically
challenge
d
h) Working in the areas of Communicable and non-
communicable diseases
i) Using technology for training, competency
evaluation and clinical decision support for
medical professionals with a view to improve
quality of healthcare
j) Financial assistance to hospitals for providing
free/concessional treatment to the Economic
Weaker Sections (EWS) of the society.

Education Promoting education including access to quality

education, Skill development and vocational training
a) Promoting early Child Care & Education, primary
education, secondary education.
b) Promoting digital literacy programmes.
c) Providing basic amenities and improvement of
infrastructure in schools.
d) Enabling higher education through merit cum
means scholarships, including for differently abled
across the country.
e) Using sports as a tool for development of students
in both urban and rural areas
f) Promoting higher education including setting up
and supporting universities
g) Skill development and vocational training
h) Adult education programmes
i) Improving access to Education, by adopting night
schools with a view to Engage holistically through
the entire cycle of mobilisation, infrastructure
improvement and governance.
Community In respect of all the areas as specified in Schedule VII.
Engagement/development
Environmental a) Ecological sustainability.
sustainability b) Promoting renewable source of energy.
c) Conserving biodiversity and supporting research,
awareness and advocacy on issues related to
biodiversity.
d) Promoting awareness about environmental issues
like rain harvesting.
e) Funding research projects at technology hubs for
environmental and social sustainability.

10
Disaster Relief a) Extending relief measures during times of natural
disasters, anywhere in the country.
b) Undertaking and supporting rehabilitation
measures post-disasters.
c) Building capacities of local communities to
respond to disasters.
d) Developing expertise and resources to respond
to disaster.
Research and Studies Research and Studies in all or any of the activities
prescribed in Schedule VII.
Others Other infrastructure that would meet the objectives of
inclusion and environmental sustainability such as
water supply, sanitation, renewable energy, slum area
development and affordable housing.

11
Deutsche Bank
Corporate Social Responsibility

Level 3

Corporate Social Responsibility

India policy – Deutsche Bank
Deutsche Bank
Corporate Social Responsibility

Corporate Social Responsibility Policy – Deutsche Bank Group companies in India

Contents

1. Introduction (Policy Statement) ........................................................................................................ 3

2. Scope .................................................................................................................................. 3
2.1. Objective ............................................................................................................................................. 3
3. Requirements ...........................................................................................................................4
3.1. Charter of CSR activities ........................................................................................................................ 4
3.2. Initial Focus Areas ................................................................................................................................... 4
3.2.1. Education / Born to Be .................................................................................................................................. 4
3.2.2. HealthCare .............................................................................................................................................. 4
3.2.3. Social & Environment Sustainability ............................................................................................................... 4
3.2.4. Disaster Relief................................................................................................................................................. 4
4. Roles and Responsibilities ................................................................................................................. 5
5. Record Retention ....................................................................................................................................... 5
6. Restrictions and Prohibitions ............................................................................................................ 5
7. Governance Framework & Key Operating Procedures ............................................................... 5
8. General Guidelines for Grants: Project selection and management .......................................... 6
8.1. Project selection criteria .......................................................................................................................... 6
8.2. Grant Application Process ..................................................................................................................... 7
8.3. Grant Appraisal Process ......................................................................................................................... 7
8.4. Grant Approval Process ......................................................................................................................... 7
8.5. Project Implementation .......................................................................................................................... 7
8.6. Project Monitoring & Evaluation ................................................................................................................ 8
8.7. Project Closure .......................................................................................................................................... 8
8.8. Project Reporting ..................................................................................................................................... 8
8.9. CSR Grant budget for the Financial Year ............................................................................................ 8
9. Associated Policies .............................................................................................................................. 8

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Deutsche Bank
Corporate Social Responsibility

Corporate Social Responsibility Policy – Deutsche Bank Group companies in India

1. Introduction (Policy Statement)

The Corporate Social Responsibility (CSR) Policy governs Deutsche Bank AG, India (“Branch”),
Corporate Social Responsibility activities in India.

As a responsible global corporate citizen, Deutsche Bank acts to enable communities and economies
to prosper. The Bank supports education projects that empower the next generation to achieve their
full potential and helps to remove social and economic barriers that hold them back. It assists
enterprises that help to drive positive change in society to get off the ground and reach their next
level. And it contributes to stronger and more inclusive communities through local provision to key
concerns and by enriching the cultural landscape. Deutsche Bank does this together with like-minded
partners from public and private sectors and with the commitment of its own highly-skilled workforce.
It encourages its employees to volunteer and fundraise, and supports their efforts to make a
difference.

Additionally, in case of natural and human disasters, Deutsche Bank may provide ad-hoc relief and
support for long-term reconstruction efforts.

This policy is in line with global and regional standards for all Corporate Social Responsibility-related
activities within Deutsche Bank Group. These standards are laid out in Principles for Corporate
Citizenship – Deutsche Bank Group and the Donations Membership and Sponsorship (DMS) Policy.
- Deutsche Bank Group

This policy is also in line with Section 135 of the Companies Act 2013, as enacted in the Republic of
India. Section 135 of the Companies Act 2013 is applicable to every company, including its holding
or subsidiary, and foreign companies having its branch or project office in India and with net worth
of INR 500cr (INR 5bn) or more, or a turnover of INR 1000cr (INR 10bn) or more, or a net profit of
INR 5cr (INR 50m) or more during any of the three preceding financial years. Under this section of
the Companies Act 2013, in every financial year, such company must allocate at least 2% of its
average net profits made during the 3 immediately preceding financial years. The Branch must also
constitute a CSR committee, formulate a CSR policy, recommend CSR expenditure amount, monitor
policies and activities, and report to the Executive Committee (“EXCO’). EXCO must approve the CSR
policy; disclose its contents in the EXCO’s Report and make it public on the Branch’s website; and
include the CSR Report in its Annual Report.

2. Scope

Objective

This policy defines the governance for all Corporate Social Responsibility-related activities by the
Branch in India, in order to maximize the benefits for the society, as well as to make CSR an integral
part of the Branch’s narrative.

Whenever possible, the CSR function will join forces with other teams within Deutsche Bank Group
to implement strategy-aligned activities across markets and to engage relevant stakeholders.

The broad objectives are to:

— Establish uniform country-wide standards and procedures for the planning and implementation
of

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Deutsche Bank
Corporate Social Responsibility

Corporate Social Responsibility Policy – Deutsche Bank Group companies in India

CSR activities in India in line with Deutsche Bank Group’s global requirements to protect the
Bank’s reputation and prevent the breach of legal and/or regulatory requirements
— Ensure that all CSR activities are conducted in a transparent and efficient manner in compliance
with local government regulations, Deutsche Bank’s Group Communications & Corporate
Responsibility strategy, the Principles for Corporate Citizenship – Deutsche Bank Group, and any
other relevant policies

3. Requirements

Charter of CSR activities

Deutsche Bank notes the important developments in the field of CSR policy making in India and
recognises the initiative taken by the Ministry of Corporate Affairs in identifying a list of activities
eligible for being considered as CSR activities. Given the thorough listing of the activities, Deutsche
Bank hereby adopts the same list as its broad charter of activities in India as listed in the Schedule
VII under Section 135 of the Companies Act 135 (Annexure 1)

Focus Areas

In India, Deutsche Bank AG, India Branches’ will primary focus in the areas of Education, Healthcare
and Social & Environmental Sustainability in order to create impact and achieve results. However,
this will not preclude the Branch from supporting any CSR activity falling within the scope of
Schedule VII of Section 135 of the Companies Act, 2013 if the activity is approved in line with the
process stipulated in this policy.

Education

The Branch will work directly or with partners towards enabling underprivileged children and youth
overcome poverty through education and to reach their full potential, by boosting their aspirations,
improving their skill set and by making vocational training and job placements available to them.
Deutsche Bank will work across the education continuum – primary, secondary and tertiary levels
leading up to employability. The Branch will also work directly or with partners to provide life skills to
children, youth and adults thereby boosting their confidence and improving their employability.

Healthcare

The Branch will work directly or with partners towards providing end-to-end access to affordable and
quality healthcare to children, youth and adults from socially and economically backward
background. This includes preventive & early screening of diseases, curative & operative healthcare
for fatal diseases as well as capacity building for hospitals & institutions.

Social & Environment Sustainability

The Branch will work directly or with partners to develop sustainable ideas that drive social and
environmental change for increasing the country’s forest and water reserves and usage of renewable
renewable energy
I. Community Conservancy: promote community conservancy as a win-win solution for
reducing man-animal conflict and increasing forest cover
II. Financial models: introduce new financing ideas in sustainability
III. Renewable Energy: promote usage of environmental friendly alternate energy

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Deutsche Bank
Corporate Social Responsibility

Corporate Social Responsibility Policy – Deutsche Bank Group companies in India

IV. Cleaner India: partner with partners on creating cleaner & greener cities & forests
V. Water conservation: with a focus on clean drinking water and water for agriculture in
drought hit areas

Disaster Relief

The Branch will also make funds available directly or through implementing partners to support
natural disaster relief efforts as may be required in the country from time to time.

Preference will be given to local area(s), where the Branch and/or other Deutsche Bank Group entities
operate, after giving due consideration to the scope for CSR related activities in the said area(s).

4. Roles and Responsibilities

This policy applies to all employees of businesses, regional management and infrastructure functions
(i.e. all employees) of the Branch in India.

The CSR Committee is responsible for the overall management and supervision of the CSR activities
for the Branch in India. The Committee will develop consistent narratives and programmes to build
stakeholder trust and to continually improve the Branch’s reputation and profile as a responsible
corporate citizen.

Individual employees must comply with the requirements of this policy and supervisors are
responsible for ensuring compliance.

Any employee who has knowledge of a potential or actual violation of this CSR Policy must promptly
report this to the CSR Committee according to the existing policy and guidelines.

The Branch requires transparency and integrity in all of its business dealings and this principle applies
fully to all CSR activities as well.

5. Record Retention

Records governed by this policy must be maintained in accordance with applicable Deutsche Bank,
local and/or divisional policies or procedures.

6. Restrictions and Prohibitions

The following activities are prone to have a negative effect on Deutsche Bank’s image and as a result
should be avoided. The Branch will not, in its CSR activities:
(a) Support organizations that discriminate on the basis of age, sex, race, religion, national origin,
sexual orientation, or disability with respect to employment, volunteer participation, or the
provision of services
(b) Solicit financial support for politicians, candidates for political office or political parties.
Political donations made by individual employees must not jeopardize the bank’s regional and
global reputation
(c) Engage with organizations and programs that are adverse to the Branch, or that may involve
a potential conflict of interest for the Branch;
(d) Reward, attempt to reward or to influence persons or entities that do business with, or are in
a position to generate business for, the Branch;

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Deutsche Bank
Corporate Social Responsibility

Corporate Social Responsibility Policy – Deutsche Bank Group companies in India

(e) Use any type of CSR activity in violation of local and international bribery and corruption and
other financial crime laws, rules, regulations or internal DB policies and control

Note: The Branch can exclude certain types of organisations (e.g. political parties or activist
organizations) to protect the bank’s integrity and reputation.

7. Governance Framework / Key Operating Procedures

CSR Committee: the Branch will set up a CSR Committee of the EXCO. This will be the apex body
that will provide the overall direction, governance and financial sign-offs to the CSR programme
being undertaken by the Branch in line with the new CSR provisions, as articulated in Section 135 of
the Indian Companies Act 2013, and the attendant rules, clarifications and circulars issued by the
Ministry of Corporate Affairs.

The CSR Committee for the Financial Year 2017-18 comprises of the following EXCO Members:
1. Khurshed Dordi, Chief Operating Officer, India (Chairperson)
2. Avinash Prabhu, Chief Financial Officer, India and
3. Ruchi Khemka, Head of Corporate Responsibility, India (Nominee of the Bank)

While the CSR Committee will be the apex body responsible for all financial decisions and programme
approvals, it may work with relevant officers of the Branch/group for effective and efficient
management of the various programmes and attendant processes. Such officers will be responsible
to and report to the Committee for all activities undertaken to implement/manage the approved CSR
programme.

8. General Guidelines for Grants: Project selection and management

The Branch will work with non-profit organizations and agencies including any CSR Foundation set
up by the Branch/ group, which directly or indirectly provide services and support to disadvantaged
individuals, families and communities and who channel the funds to directly benefit the targeted
beneficiaries. In general, all CSR activities which are not inconsistent with the provisions of the local
laws should:

— reflect the Branch’s Corporate Social Responsibility strategy;

— promote best practices and provide initial funding for projects;
— enjoy high relevance in a defined target group and involve employees and other stakeholders
wherever possible;
— provide for engaging communication and stakeholder involvement;
— involve a sustainable commitment and have a long-term effect on the community; and
— comply with all external relevant laws, rules and regulations of the respective jurisdiction, as well
as internal policies

As a general rule, to be considered for a grant, a grantee is required to be a non-profit organisation,

registered under the prescribed rules and regulations, with an established track record of minimum
three years in undertaking similar programmes and projects.

Selected grantees will execute the projects funded by the Branch under a well laid out Memorandum
of Understanding including terms of reference, clear roles and responsibilities and project criteria.

The partners will provide periodic progress reports and annually provide the following reports:
— Funds utilisation report with supporting documents
— Beneficiary progress report
— Project impact report

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 Deutsche Bank
Corporate Social Responsibility

Corporate Social Responsibility Policy – Deutsche Bank Group companies in India

Project selection criteria

I. Community impact: Do the proceeds benefit a broad community in a positive way and help the
community move towards sustainable economic independence?
II. Financial need: Has the proposal demonstrated that there is a real need for financial assistance
for the project being proposed?
III. Management capability: Does the current organisational structure reflect integrity and
capability in administering the proposed programme in a fair and transparent manner?
IV. Alignment of organisation: Does the beneficiary organisation have religious or political
objectives or affiliations? Is the organisation secular in serving the broader community?
Leverage potential: Does the project take advantage of opportunities to leverage Branch’s
funding from other private, foundation and government sources to ensure sustainability of the
programme?
V. Inclusive growth: Does the organisation promote inclusive growth?
VI. Innovative solutions: Is the project promoting innovative ways to provide long-term benefits?
VII. Involvement potential: Can the Branch’s staff be involved in volunteering activities in the
project? Does the project aim at encouraging proactive engagement of community
stakeholders in all development processes of the project?
VIII. Measurable Results: The project should produce measurable results which must be
quantifiable and have feasible monitoring and evaluation indicators that can be tracked
IX. Sustainable: The project should have potential for replicability, scalability and sustainability
X. Exit: The project should have a clear exit strategy

While the CSR Committee will have the primary responsibility to identify potential CSR
projects/partners, the employees in general are also encouraged to suggest/refer projects and
partners to the Committee.

Initial Screening: concerned officers of the Branch/group will do an initial screening to establish
minimum track record, general reputation, compliance status and alignment of a project to this policy
and other internal DB policies and controls.

Referral to the CSR Committee: once the initial checks are positive, the proposal will be referred to
the CSR Committee for approval to invite the project/NGO to apply via the formal Grant Application
process. An invitation to enter the formal grant application process does not imply that the project
will be approved. This will be made clear to the applying NGOs.

Grant Application Process

I. Project applications should be made in a specified Grant Application Format

II. Each request for approval should be made in a formal manner with original signatures and
attachments for audit and record-keeping
III. Each project should have provisions for monitoring and impact valuation and should provide
periodic implementation reports
IV. Each project application is evaluated on its own merits to be in compliance with our purpose
and objectives
V. Funding levels are flexible and are dictated by the needs of the organisation and funding
availability

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Deutsche Bank
Corporate Social Responsibility

Corporate Social Responsibility Policy – Deutsche Bank Group companies in India

Grant Appraisal Process

I. The duly filled in Grant Application Form will be submitted to the Committee
II. The Committee or a subset (as the supervising Manager for a particular Programme) may
request further information and documentation, as appropriate
III. Due diligence checks and reviews on the organisation including field visits will be performed to
ensure that it meets the criteria of our selection
IV. To mitigate reputational risks and ensure proper use of funds, a special screening may apply
including those relating to anti-financial crime.
V. A thorough appraisal of the project design and objectives will be performed to ensure its
feasibility
VI. The Committee or the Supervising Manager may ask for meetings with the Project
representatives as part of its appraisal process

Grant Approval Process

I. Once a project is identified and the selection criteria are fully met, the final project proposal will
be discussed by the full CSR Committee
II. The Committee will review the project application and DB will have the right to approve/reject
the proposal or ask for more information/amendments in the proposal
III. Upon in-principal approval by the Committee subject to all internal DB controls being satisfied,
the Branch will enter into an MOU with the applicant for the project
IV. The proposed agreement will be sent to Legal, Compliance, Tax and where required to Anti-
Financial Crime, for clearance. It will then be sent to the Committee for final approvals before
it is presented to Finance for payment. CSR team will follow up for original copy of receipt or
acknowledgement of payment

Project Implementation

The Committee will determine the execution modality of a selected CSR programme including the
details relating to the time period/ duration over which the particular programme will be spread and
depending upon the nature of the programme, the extent of coverage and the intended impact of the
programme. The execution modalities will be incorporated in the MOU signed between the grantor
and the grantee.

Project Monitoring & Evaluation

The CSR Committee will institute a transparent monitoring mechanism for implementation of the
CSR projects or programs or activities undertaken by the Branch. The monitoring process will include
the following:
I. Regular reports by the Grantee – funds utilisation reports, beneficiary progress report,
intermediate and final impact reports, Audited annual reports
II. Annual monitoring visits
III. A separate project evaluation report

Project Closure

All CSR activities must be documented and in line with the requirements of the Principles for
Corporate Citizenship, the global DMS policy, the global Corporate Volunteering policythe
parameters set out by Communications & CSR Business Management and the Archiving and Record
Retention Policy and comply with Deutsche Bank Group governance standards (e.g. Code of Ethics,
Compliance, Anti-Financial Crime)

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Deutsche Bank
Corporate Social Responsibility

Corporate Social Responsibility Policy – Deutsche Bank Group companies in India

Project Reporting

Half-yearly updates and an annual review of CSR projects will be sent to members of the CSR
Committee and also furnished to the EXCO of Directors.

The Branch will file with ROC an annual report of CSR activities undertaken along with the audited
Financial Statements for the period under review.

CSR Grant budget for the Financial Year

For each financial year, the CSR Committee will recommend and the EXCO will approve a CSR
expenditure budget for the Branch calculated to be no less than lower of the limit set up under the
Banking Regulation Act or the Companies Act, 2013, as the case maybe.
The budget will be spent in the chosen projects under the following categories:
1. Education projects
2. Healthcare projects
3. Social & Environment Sustainability projects
4. Disaster Relief

The surplus, if any, arising out of the CSR expenditure shall also be expended in CSR activities as per
this policy and such surplus shall not form part of business profits of the group or the respective
group entity.

The CSR Committee will provide a report to the EXCO on the utilisation of funds and achievement of
project objectives for the year under review.

9. Associated Policies

Principles for Corporate Citizenship – Deutsche Bank Group

Donations, Memberships and Sponsorships Policy
Anti-Bribery and Corruption Policy

Document Title: Corporate Social Responsibility Policy – Deutsche Bank Group

companies in India
English Title: Corporate Social Responsibility Policy – Deutsche Bank Group
companies in India
Classification (Level): Public

Policy Producing Function: Corporate Citizenship

Portfolio Owner: Edith Puerschel

Author: Ruchi Khemka

Approver: Khurshed Dordi & Annie Yeo

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Deutsche Bank
Corporate Social Responsibility

Corporate Social Responsibility Policy – Deutsche Bank Group companies in India

Document Contact: Ruchi Khemka

Geographic Applicability: India

Functional Applicability: Deutsche Bank Group Companies in India

Original Issue Date: November 2014

Last Review Date: March 2019

Next Review Date: 1st April, 2020

Version: 1.5

Language: English

Translation: No

Legal or Regulatory Requirement: Yes

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Deutsche Bank
Corporate Social Responsibility

Corporate Social Responsibility Policy – Deutsche Bank Group companies in India

Annexure 1

Schedule VII
(See sections 135)
Activities which may be included by companies in their Corporate Social
Responsibility Policies
Activities relating to:—
(i) Eradicating hunger, poverty and malnutrition, promoting preventive health care
and sanitation and making available safe drinking water;
(ii) Promoting education, including special education and employment enhancing
vocation skills especially among children, women, elderly, and the differently
abled and livelihood enhancement projects;
(iii) Promoting gender equality, empowering women, setting up homes and hostels
for women and orphans; setting up old age homes, day care centres and such other
facilities for senior citizens and measures for reducing inequalities faced by socially
and economically backward groups;
(iv) Ensuring environmental sustainability, ecological balance, protection of flora
and fauna, animal welfare, agroforestry, conservation of natural resources and
maintaining quality of soil, air and water;
(v) Protection of national heritage, art and culture including restoration of buildings
and sites of historical importance and works of art; setting up public libraries;
promotion and development of traditional arts and handicrafts;
(vi) Measures for the benefit of armed forces veterans, war widows and their
dependents;
(vii) Training to promote rural sports, nationally recognised sports, paralympic
sports and Olympic sports;
(viii) Contribution to the Prime Minister's National Relief Fund or any other - fund
set up by the Central Government for socio-economic development and relief and
welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes,
minorities and women;
(ix) Contributions or funds provided to technology incubators located within
academic institutions which are approved by the Central Government;
(x) Rural development projects.

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Corporate Social Responsibility (CSR)
Policy

Suryoday Small Finance Bank

Version : FY : 17-18/1.0

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 Suryoday Small Finance Bank 1
Corporate Social Responsibility (CSR) Policy

Table of Contents

1. Introduction...................................................................................................................................... 2
2. Objectives of the CSR Policy........................................................................................................ 3
3. Applicability ............................................................................................................................................4
4. Governance Structure .........................................................................................................................5
5. CSR Principles followed by the Bank ...............................................................................................7
6. CSR Activities of the Bank ............................................................................................................ 8
7. CSR Funds...................................................................................................................................... 9
8. Implementation of CSR Activities...................................................................................................... 10
9. Monitoring and reporting requirements ..................................................................................... 11
10. Policy Review and Updates ...................................................................................................... 12
11. Regulatory References................................................................................................................... 13
12. Annexures ......................................................................................................................................... 14
Annexure 1: List of CSR activities permissible under Companies’ Act, 2013 ........................ 14
Annexure 2: Format for the Annual Report on CSR activites to be included in the Board’s
report ................................................................................................................................................ 15

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Corporate Social Responsibility (CSR) Policy

1. Introduction

Suryoday Small Finance Bank’s (“the Bank”) mission and objective is to provide full range of
banking and other financial services to the economically weaker section to lead a better life
besides reaching out to the underserved population thus engaging in achieving complete
financial inclusion.

The Bank, as part of its Corporate Social Responsibility activities, is engaged in social welfare
programs such as healthcare, education, vocational training, community development &
shelter, disaster relief. Women Empowerment, Contribution to Prime Minister's National Relief
Fund or any other fund set up by the Central Government for socio-economic development
and relief and welfare of the Scheduled Castes, Scheduled Tribes, other backward classes,
minorities and women and any other project as may be approved by the Board of Directors of
the Bank from time to time

The Companies Act 2013 has introduced provisions on Corporate Social Responsibility
(CSR), which rests on the ideology of give and take. The term CSR has been defined under
the CSR Rules which includes but is not limited to:
 Projects or programs relating to activities specified in the Schedule; or
 Projects or programs relating to activities undertaken by the Board in pursuance of
recommendations of the CSR Committee as per the declared CSR policy subject to the
condition that such policy covers activities enumerated in the Schedule.

The Corporate Social Responsibility Policy (CSR Policy) of the Bank sets out the broad
framework guiding the Bank’s CSR activities. The Policy also sets out the principles and the
rules that need to be adhered to while taking up and implementing CSR activities to be
undertaken as specified in Schedule VII of the Companies’ Act, 2013 (excluding the activities
pursued in the normal course of business) and the expenditure thereon.

CSR Vision Statement:

Suryoday CSR Policy endeavours to lay down guidelines to make CSR an inherent part of the
business process to enable sustainable development of the society and to generate goodwill
& recognition among all stakeholders of the Bank.

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 Suryoday Small Finance Bank 3
Corporate Social Responsibility (CSR) Policy

2. Objectives of the CSR Policy

The following are the objectives of the CSR Policy:

 To comply with the statutory and regulatory requirements pertaining to corporate social
responsibility.
 To define what Corporate Social Responsibility means to the Bank and the approach for
the same.
 To lay down the CSR Governance structure
 To lay down the guidelines & mechanism to carry out CSR program/project & to report
the work in reporting format as prescribed by the Rules in the act.
 To identify areas of CSR intervention and projects that will be taken up by the Bank as
part of its CSR plan with the implementation schedules
 To constitute review mechanism of monitoring the progress of CSR projects/ programs
and implementation of CSR policy by CSR Committee
 To ensure that the surplus arising of CSR projects/ programs/ activities shall not form part
of the business profit of the Bank

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Corporate Social Responsibility (CSR) Policy

3. Applicability

The Policy shall be applicable to all activities undertaken by the Bank towards fulfilling its
corporate social responsibility objectives. The Policy shall also apply to the employees of the
CSR Department of the Bank undertaking CSR activities, whether operating out of the Head
Office, Regional Offices or Branches of the Bank.

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Corporate Social Responsibility (CSR) Policy

4. Governance Structure

The Bank shall have a 3 tier structure for the governance of CSR responsibilities under the
Companies’ Act, 2013 (the Act) and Rules comprising of the Board of Directors of the Bank
(the Board), CSR Committee and the Head-CSR. The roles and responsibilities of each of the
tiers are as mentioned below:

(i) The Board:

The Board of the Bank shall oversee the plan for CSR activities and the status of
the achievement of the CSR plan. The Board has duly constituted the Corporate
Social Responsibility Committee (CSR Committee) in accordance with the
provisions of the Act and it shall review the composition and terms of reference of
the CSR Committee on an annual basis.

The Board shall:

(a) after taking into account the recommendations made by the Corporate Social
Responsibility Committee, approve the Corporate Social Responsibility Policy for the Bank
and disclose the contents of such Policy in its Report and also place it on the Bank’s website,
if any, in such manner as may be prescribed; and

(b) ensure that the activities as are included in Corporate Social Responsibility Policy of the
Bank are undertaken by the Bank.

The Board of the Bank shall ensure that the Bank spends, in every financial year, at least two
percent of the average net profits of the Bank made during the three immediately preceding
financial years, in pursuance of its Corporate Social Responsibility activities:

Provided that the Bank, shall give preference to the local area and surrounding areas where
it operates, for spending the amount earmarked for Corporate Social responsibility activities:

Provided further that if the Bank fails to spend such amount, the Board shall, in its Report,
specify the reasons for not spending the amount.

(ii) CSR Committee:

The CSR committee shall comprise of three or more Directors including at least 1 Independent
Director.

The CSR Committee is the governing body that shall define the scope of CSR activities for
the Bank and approve and implement the CSR policy as well as review the Policy on an annual
basis. The functions of CSR Committee shall be as under:

(a) formulate and recommend to the Board a CSR Policy which shall indicate the activities
to be undertaken by the Bank as specified under Schedule VII of the Act;
(b) recommend the amount of expenditure to be incurred on the CSR activities of the
Bank;
(c) approve and recommend any registered Trust/ Society for undertaking CSR activities;
(d) monitor the CSR Policy and its implementation.
(e) review the CSR Policy at least annually.

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Corporate Social Responsibility (CSR) Policy

Head- CSR:

The Head of the CSR Department shall report to the CSR Committee on the status of
achievement of the CSR plan. The prime responsibility of the Head of CSR Department shall
be to review the progress of the CSR activities and monitor if the progress is in line with the
CSR plan as approved by the Committee. If there are any shortfalls or challenges in
implementation, the Head of CSR Department shall report the same to the CSR Committee
who shall suggest appropriate action to be taken.

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Corporate Social Responsibility (CSR) Policy

5. CSR Principles followed by the Bank

The Bank follows the below principles of CSR based on which the CSR activities have been
identified and the CSR plan has been formulated:

 Sustainability
The Bank shall use resources optimally and shall strive to be internally efficient and
responsible. The Bank shall regularly review and improve upon the process of new
technology development, deployment and commercialization, incorporating social, ethical
and environmental considerations. The Bank shall promote sustainable consumption and
support recycling of resources.

 Accountability
The Bank shall imbibe ethical conduct in all its functions and processes and shall promote
a culture of integrity and ethics throughout the organization. The Bank shall ensure that all
mandatory disclosures are made transparently and fairly and must communicate decisions
and ensure access of information to all stakeholders. The Bank shall not engage in
practices that are abusive, corrupt or anti-competition.

 Promotion of human rights and respect interests of all stakeholders, especially the
disadvantaged, vulnerable and marginalised
The Bank shall integrate respect for human rights in management systems in particular
through assessing and managing human rights impacts of operations and ensuring that
all individuals have access to grievance mechanisms. The Bank shall systematically
identify their stakeholders particularly those who are disadvantaged or vulnerable,
understand their concerns, define purpose and scope of engagement and commit to
engaging with them. The Bank shall be transparent about its policies, products and
services on the stakeholders.

 Environment protection
The Bank shall utilize natural and other resources responsibly and ensure recycling of
resources, wherever applicable. The Bank shall develop Environment Management
Systems and contingency plans and/ or processes that help in preventing, mitigating and
controlling environmental damages and disasters which may be caused as a result of its
operations. The Bank shall take measures to conserve the environment.

 Inclusive growth and equitable development

The Bank shall recognise the challenges of the social and economic development and
shall build upon the development agenda as articulated in government policies and
procedures. The Bank shall make efforts to complement and support the development
priorities at local and national levels and provide for appropriate resettlement and
rehabilitation of communities who have been displaced.

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Corporate Social Responsibility (CSR) Policy

6. CSR Activities of the Bank

The Bank shall constantly strive to ensure strong corporate culture which emphasizes on
integrating CSR values with business objectives. It shall pursue initiatives to eradicate poverty;
promote preventive health care and make available safe drinking water; promote education,
including special education, employment enhancing vocational skill training for women,
promote gender equality, conduct programs for empowering women, undertake projects for
environmental protection and take up any other projects/ programs as it deems fit from time
to time. The Board may decide any other CSR activities (as elaborated in Annexure 1) allowed
under the Companies’ Act, 2013.

The Bank’s CSR activities shall focus on the five key areas with an objective to holistically
approach issues of the underserved and improving quality of lives through social development
projects:

 Community infrastructure development projects

Minor constructions and renovations such as bus stands (waiting sheds), public parks,
schools and anganwadis, public toilets, water connections and public taps, public
library, Construction of foot over bridges, reconstruction / renovation of existing
damaged infrastructure etc.

 Environmental Projects
Ensuring environmental sustainability, recharge-pit for bore wells, solar lamps at public
places, quality of soil, air and water, encouraging communities to plant saplings which
helps in maintaining the ecological balance.

 Public amenities, Health and Hygiene

a) Safe drinking water facility at public places (bus stand, schools, hospitals etc),
b) Safety for public (fencing electric transforms, road signals),
c) Public health and hygiene (supporting PHCs & maternity homes, cleaning public
places, clearing garbage dumps, providing dust bins, improving drainage, area
spraying for Malaria, Chikengunya, Dengue, public awareness programs etc)

 Promoting Education
Providing facilities in schools & Anganwadis, Initiatives for educating the Girl child,
merit scholarships for technical education.

 Promoting Employability Skills

Undertaking upskilling programs for those with basic education with the objective of
making them employable.

 Social Welfare
Relief programs and facilities to orphanages, old age homes, mentally & physically
challenged persons, etc.

 Any other projects that are relevant and qualify for CSR activities under the Companies
Act, 2013 and Companies (Corporate Social Responsibility) Rules, 2014.

The Policy would also ensure compliance with section 135 of the Companies Act, 2013 and
would include the activities as covered under Schedule VII to the Act and the Companies
(Corporate Social Responsibility Policy) Rules, 2014 and as amended from time to time.

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 Suryoday Small Finance Bank 9
Corporate Social Responsibility (CSR) Policy

7. CSR Funds

The corpus for the purpose of carrying on the aforesaid CSR activities would include the
following:

 2% of the average Net Profit made by the Bank during immediately preceding three
Financial Years.
 Any income arising therefrom.
 Surplus arising out of CSR activities carried out by the Bank (such surplus will not be
part of business profit of the Bank).

The “Net Profit” means the net profit of the Bank’s as per its financial statement prepared in
accordance with the applicable provisions of the Companies’ Act, but shall not include the
following:
(i) Any profit arising from any overseas branch or branches of the Bank, whether
operated as a separate company or otherwise; and
(ii) Any dividend received from other companies in India, which are covered under and
complying with the provisions of section 135 of the Act:

From the annual CSR Budget allocation, a provision will be made towards the following
expenditure heads, on a year on year basis:

i. Promoting education and employability skills;

ii. Promoting healthcare and preventive healthcare;
iii. Women empowerment programs;
iv. Financial Literacy Campaigns;
v. Environmental sustainability;
vi. CSR staff salaries;
vii. Other CSR expenditure

The allocation of the fund shall be utilised for projects/programs as specified by the CSR
Committee of the Bank.

Any surplus arising out of the contribution made for CSR Activities shall not form part of the
business profit of the Bank and redeployed for such activities.

Any unspent / unutilised CSR allocation of a particular year, will be carried forward to the
following year, i.e., the CSR Budget will be non-lapsable in nature.

All the utilization certificates, agreements, invoices with actual spend will be diligently
documented and the records shall be available as and when required for scrutiny by auditors
or regulators or other stakeholder.

The following shall not be treated as expenditure under CSR activities:

a) Any expenditure that benefits only employees or their families
b) Any CSR expenditure undertaken out of India
c) Contribution of any amount directly or indirectly to any political party
d) Any other activities pursued in the normal course of business of the Bank.

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Corporate Social Responsibility (CSR) Policy

8. Implementation of CSR Activities

The Board may decide to build CSR capacities of its staff undertaking CSR activities and of
the employees of the implementing agencies (if any). The expenditure on such program shall
not exceed 5% of the total CSR expenditure of the Bank in one financial year.

The Board may decide to undertake its CSR activities through a registered trust or a registered
company as it may deem appropriate from time to time subject to the following conditions:

a) The trust or company has a track record of 3 years in undertaking similar programs or
projects.
b) The Bank shall specify the project/ programs to be undertaken, the modalities for
utilization of funds on such projects/ programs and the monitoring and reporting
mechanism for the same.

The Bank shall give preference to the local areas and the areas around where it operates for
spending the amount earmarked for CSR activities.

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Corporate Social Responsibility (CSR) Policy

9. Monitoring and reporting requirements

The CSR Committee would be responsible for monitoring CSR initiatives, progress on
approved projects and shortfalls in achieving the CSR plan, if any. The CSR Department shall
provide a half-yearly progress report to the CSR Committee of the Board, which would inter
alia include the following:

1) Achievement since last progress report/ during the last quarter in terms of coverage
compared to the target.
2) Achievement of the year-to-date in terms of coverage compared to the target, plans to
overcome shortfalls if any and support required from the CSR Committee/Board to
overcome the shortfalls.
3) Actual year-to-date spends compared to the budget and reasons for variance.
4) Report on the implementation of the Corporate Social Responsibility Policy and its
effectiveness
5) Area-wise expenditure on account of Corporate Social Responsibility
6) Disclosures on corporate social responsibility as required to be incorporated in the annual
results

The CSR Committee shall be responsible to report to the Board on the status of achievement
of the CSR initiatives and its activities on annual basis. The Committee shall also report
significant CSR activities and achievements in the Director’s Report.

The Board’s report of the Bank shall include composition of the CSR Committee, an annual
report on the CSR, contents of the policy developed and implemented by the Bank on CSR
initiatives as per the format given in Annexure 2. In case entire budget is not spent in a financial
year, reasons for the same shall be specified in the CSR report. The aggregate expenditure
on CSR activities shall also be disclosed by way of notes to accounts.

The CSR Policy and programs will also be disclosed on the website after requisite Board
approval.

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 Suryoday Small Finance Bank 12
Corporate Social Responsibility (CSR) Policy

10. Policy Review and Updates

The Board approved policy shall be reviewed as and when required or at least annually for
incorporating regulatory updates and changes, if any.

Last Date of Review:

This Policy was reviewed and modifications approved by the Board on 24th October,2017.

Version Control Table

Version Board Approval Date Maintained by

FY 16-17 23rd January 2017 Risk & Policy

FY 17-18/1.0 24th October 2017 Risk & Policy

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 Suryoday Small Finance Bank 13
Corporate Social Responsibility (CSR) Policy

11. Regulatory References

 Companies’ Act, 2013.

 Companies’ (Corporate Social Responsibility) Rules, 2014
 National Voluntary Guidelines on Social, Environmental & Economic Responsibilities
of Business of Ministry of Corporate Affairs

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 Suryoday Small Finance Bank 14
Corporate Social Responsibility (CSR) Policy

12. Annexures

Annexure 1: List of CSR activities permissible under Companies’ Act, 2013

As per Section 135 and Schedule VII of the Companies Act, 2013 the following activities may
be included by the Bank in its Corporate Social Responsibility activities:

(i) Eradicating hunger, poverty and malnutrition, (promoting health care including
preventive health care) and sanitation (including contribution to the Swachh Bharat
Kosh set-up by the Central Govt. for the promotion of sanitation) and making
available safe drinking water;
(ii) Promoting education, including special education and employment enhancing
vocation skills especially among children, women, elderly and the differently abled
and livelihood enhancement projects;
(iii) Promoting gender equality, empowering women, setting up homes and hostels for
women and orphans; setting up old age homes, day care centres and such other
facilities for senior citizens and measures for reducing inequalities faced by socially
and economically backward groups;
(iv) Ensuring environmental sustainability, ecological balance, protection of flora and
fauna, animal welfare, agroforestry, conservation of natural resources and
maintaining quality of soil, air and water (including contribution to the Clean Ganga
Fund set-up by the Central Govt. for rejuvenation of river Ganga);
(v) Protection of national heritage, art and culture including restoration of buildings and
sites of historical importance and works of art; setting up public libraries; promotion
and development of traditional arts and handicrafts;
(vi) Measures for the benefit of armed forces veterans, war widows and their
dependents;
(vii) training to promote rural sports, nationally recognised sports, Paralympic sports and
Olympic sports;
(viii) contribution to the Prime Minister’s National Relief Fund or any other fund set up by
the Central Government for socio- economic development and relief and welfare of
the Scheduled castes, the scheduled tribes, other backward classes, minorities and
women.
(ix) contribution or funds provided to technology incubators located within academic
institutions which are approved by the Central Government;
(x) rural development projects;
(xi) slum area development(‘slum area’ shall mean any area declared as such by the
Central Government, any State Government or any other competent authority).

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 Annexure 2: Format for the Annual Report on CSR activities to be included in the
Board’s Report

1. A brief outline of the Bank’s CSR policy, including overview of the projects or programs
proposed to be undertaken and a reference to the web-link to the CSR policy and
projects or programs.
2. The composition of the CSR Committee
3. Average net profit of the Bank for last three financial years
4. Prescribed CSR expenditure (2% of the amount as given in point 3 above)
5. Details of CSR spends during the financial year:
a. Total amount to be spent for the financial year;
b. Amount unspent, if any (with reasons);
c. Manner in which the amount spent during the financial year is detailed below

(1) (2) (3) (4) (5) (6) (7) (8)

S. CSR Sector Projects or Amount Amount Cumula- Amount
No. project or in programs outlay spent on tive spent:
activity which (1)Local (budget) the projects expend- Direct or
identified project area or other project or or iture upto through
is (2)Specify programs programs the implemen
covered the State - wise Sub-heads: reporting ting
and district (1)Direct period agency*
where expendi-
projects or ture on
programs projects or
were programs
undertaken (2)Over-
heads
1
2
Total

*details of implementing agency to be given.

6. In case the Company has failed to spend the two percent of the average net profits of
the last three financial years or any part thereof, the Company shall provide the reasons
for not spending the amount its Board Report.

7. A responsibility statement of the CSR Committee that the implementation and

monitoring of the CSR Policy is in compliance with CSR Objectives and Policy of the
Company.

Sd/- Sd/-
CEO or Managing Director or Director Chairman- CSR Committee

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Corporate Social Responsibility (CSR) Policy