This paper investigates the influence of mandatory Corporate Social Responsibility (CSR) expenditure, as stipulated by the Indian Companies Act of 2013, on the financial performance of commercial banks in India. Employing Panel regression models, the study examines the association between CSR expenditure and the financial performance of 22 Indian banks from 2016 to 2022. To measure financial performance, three different profitability indicators and market returns are utilized as proxies. Additionally, four control variables, namely size, risk, age, and capital intensity, are incorporated for robustness analysis. The findings reveal a positive impact of CSR expenditure on the profitability of Indian banks. However, no significant relationship is observed between CSR expenditure and the market returns of the Indian banks.

本文研究了 2013 年《印度公司法》规定的强制性企业社会责任 (CSR) 支出对印度商业银行财务绩效的影响。该研究采用面板回归模型，考察了 22 家印度银行 2016 年至 2022 年企业社会责任支出与财务绩效之间的关联。为了衡量财务绩效，使用了三种不同的盈利指标和市场回报作为代理。此外，还纳入了四个控制变量，即规模、风险、年龄和资本强度，以进行稳健性分析。研究结果揭示了企业社会责任支出对印度银行盈利能力的积极影响。然而，印度银行的企业社会责任支出与市场回报之间没有观察到显着的关系。