Banks Boost CSR Spending in FY25, HDFC Bank Leads with ₹1,068 Crore

In FY25 (April–March), both public and private banks stepped up their corporate social responsibility (CSR) activities. HDFC Bank emerged as the largest spender, contributing ₹1,068 crore, up from ₹945.3 crore in FY24.

The bank’s CSR covered six key areas: rural development, education, skill development, healthcare, financial literacy, and livelihood enhancement. This year, it added a new focus on natural resource management, which includes renewable energy, afforestation, and water conservation.

Through its CSR programs, HDFC Bank worked with 214 partners and reached more than 100 million beneficiaries.

SBI and ICICI Bank Follow

• SBI spent ₹610.77 crore on CSR in FY25, benefiting over 6.5 million people. Its major focus areas were health and sanitation (35%), education (27%), and environment/rural development (11% each).
• ICICI Bank allocated ₹801 crore, but managed to spend only ₹527 crore due to delays in statutory approvals. Its CSR efforts targeted healthcare, water conservation, ecological restoration, and livelihoods.

Also Read: Behind the Numbers: How Did ICICI Lombard Earn More PBT per ₹100 Premium Than the Industry Average of ₹4.59?

Axis and Kotak Also Contribute

• Axis Bank spent ₹427 crore on CSR.
• Kotak Mahindra Bank spent ₹285.7 crore.

Conclusion

Indian banks are steadily increasing their CSR contributions, channelling funds into rural development, education, healthcare, environment, and sustainability. With HDFC Bank leading the way, millions of people across the country are benefiting from these initiatives.

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