Lok Sabha Question No. 62 (STARRED), answered on 2022-12-12
Subject: CSR Spending by PSBs in Rajasthan
Ministry: FINANCE
Asked by: Sumedhanand Saraswati, Balak Nath

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA STARRED QUESTION NO. †*62

TO BE ANSWERED ON THE 12 TH  DECEMBER, 2022/ AGRAHAYANA 21, 1944 (SAKA) CSR Spending by PSBs in Rajasthan

## †*62 . SHRI SUMEDHANAND SARASWATI:

SHRI BALAK NATH:

Will the Minister of FINANCE be pleased to state:

- (a) whether any criteria has been set by the Government for the various Public Sector Banks (PSBs) for spending funds under the corporate Social Responsibility (CSR) in the country including Rajasthan;
- (b) if so, the details thereof;
- (c) whether all the PSBs are adhering to the provisions for the CSR spending;
- (d) if  so,  the  details  of  funds  allocated  and  the  work  undertaken  under  the  CSR during each of the last three years and the current year, bank and State-wise including Rajasthan;
- (e) whether any step has been taken by the Government for monitoring the funds spent under the CSR in Rajasthan and if so, the details thereof, district-wise including Sikar, Alwar, Karouli, Dholpur and Bharatpur districts; and
- (f) the steps taken/being taken by the Government for ensuring CSR compliance?

## ANSWER

The Finance Minister (SMT. NIRMALA SITHARAMAN)

- (a) to (f): A statement is laid on the Table of the House.

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## Statement  for  Lok  Sabha  Starred  Question  no. †*62 for  12 th   December  2022, regarding  'CSR  Spending  by  PSBs  in  Rajasthan'  by SHRI  SUMEDHANAND SARASWATI and SHRI BALAK NATH, Members of Parliament

(a) to (f): In respect of Corporate Social Responsibility (CSR) activities to be undertaken by Public  Sector  Banks  (PSBs),  Reserve  Bank  of  India  (RBI)  has  issued  guidelines  for Scheduled Commercial  Banks,  including PSBs, on  Corporate Social Responsibility, Sustainable  Development  and  Non-Financial  Reporting -Role  of  Banks.  Accordingly, PSBs  have  in  place  comprehensive  CSR  policy  duly  approved  by  their  respective  bank Boards.  However,  as  PSBs  are  not  incorporated  under  the  Companies  Act,  2013,  CSR policy related provisions of the Companies Act are not applicable to these banks.

PSBs have apprised that they have adhered to the said RBI guidelines with respect to the provisions of CSR spending. RBI has also informed that as observed from a sample check of the Risk Assessment Reports, no deviations were observed with regards to adherence to the provisions of CSR spending by the PSBs.

The  CSR  spending  by  PSBs  includes  expenditure  on  various  activities  that  are  not attributable to specific locations and  are spread across the country with multiple organisations supporting pan-India projects, such as Swachh Bharat Kosh, National Sports Development Fund, Clean Ganga Fund, PM's National Relief Fund, etc. and therefore, the full CSR expenditure State- / Union Territory- / district-wise cannot be apportioned.

The major CSR activities on which the PSBs spend funds across the country, inter alia , the following:

- (i) Rural and slum development;
- (ii) Providing safe drinking water, sanitation, etc.;
- (iii) Healthcare & Education, including employment enhancing vocational skills;
- (iv) Enabling  environmental  sustainability -afforestation,  rainwater  harvesting  etc.; and
- (v) Welfare  of  the  Scheduled  Castes,  the  Scheduled  Tribes,  other  backward  classes, minorities and women.

Bank-wise details of amount allocated on CSR related activities during the last three years and the current year is at Annex.

PSBs  have  informed  that  the  CSR  expenditure,  including  the  status  of  CSR  projects undertaken by them directly or through their  Foundations, are put up to the concerned Committee  of  the  Board  for  review.  Further,  the  expenditure,  including  expenditure  on CSR related activities, incurred by the bank is audited by statutory auditors appointed by the banks.

Annex †*62 for 12.12.2022 regarding 'CSR Spending

## Lok Sabha Starred Question no. by PSBs in Rajasthan'

| Details of the funds allocated to CSR, bank wise   | Details of the funds allocated to CSR, bank wise   | Details of the funds allocated to CSR, bank wise   | Details of the funds allocated to CSR, bank wise   | Details of the funds allocated to CSR, bank wise   | Details of the funds allocated to CSR, bank wise   |
|----------------------------------------------------|----------------------------------------------------|----------------------------------------------------|----------------------------------------------------|----------------------------------------------------|----------------------------------------------------|
| (amount in                                         | (amount in                                         | (amount in                                         | (amount in                                         | (amount in                                         | (amount in                                         |
| #                                                  | Bank                                               | FY 2019-20                                         | FY 2020-21                                         | FY 2021-22                                         | FY 2022-23                                         |
| 1                                                  | Bank of Baroda                                     | 5.47                                               | 6.90                                               | 8.29                                               | 13.50                                              |
| 2                                                  | Bank of India                                      | 6.00                                               | 12.00                                              | 9.00                                               | 7.00                                               |
| 3                                                  | Bank of Maharashtra                                | 1.55                                               | 3.89                                               | 5.50                                               | 11.52                                              |
| 4                                                  | Canara Bank                                        | 20.00                                              | 24.00                                              | 50.00                                              | 60.00                                              |
| 5                                                  | Central Bank of India                              | -                                                  | -                                                  | -                                                  | -                                                  |
| 6                                                  | Indian Bank                                        | 0.77                                               | 2.58                                               | 2.63                                               | 3.50                                               |
| 7                                                  | Indian Overseas Bank                               | -                                                  | -                                                  | 3.50                                               | 3.50                                               |
| 8                                                  | Punjab National Bank                               | 5.00                                               | 21.00                                              | 25.00                                              | 20.00                                              |
| 9                                                  | Punjab & Sind Bank                                 | -                                                  | -                                                  | -                                                  | -                                                  |
| 10                                                 | State Bank of India                                | 27.47                                              | 144.88                                             | 204.10                                             | 316.76                                             |
| 11                                                 | UCO Bank                                           | 9.90                                               | 9.66                                               | 10.55                                              | 1.60                                               |
| 12                                                 | Union Bank of India                                | -                                                  | -                                                  | 29.06                                              | 52.32                                              |

(Source: Public Sector Banks)

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