Also, he said the bank was building its CSR capabilities on a continuous and sustainable basis, and would gradually increase its CSR spending in the coming years. Yes Bank spent 87% of its prescribed CSR allocation. States like Kerala, Punjab, Jharkhand and all of the north-east saw very little interest among the 33 companies this year. A first look at the CSR spending of the 33 companies shows that when compared to FY15, their spend rose 22% to Rs.2,167 crore in FY16. In all, 16 of the 33 companies surveyed did not meet the 2% benchmark.

Source: Mint August 02, 2016 19:30 UTC