The phases of indicators development consist of four steps including indicators formation, indicators development, indicators verification and indicators weight. 1) Indicators formation originates from drafting indicators from theoretical reviews, defining CSR and CSR consciousness of banking business from interviews questionnaires and reviews, to determining compositions and criteria. Content Analysis is applied to categorize word and sentence that creates generality. It has three major characteristics; systematic, objectivity, and base on theoretical framework (Jantawanich, 2004) that would be applied for grouping the meaning of CSR and CSR consciousness and the compositions of banking business. Descriptive Analysis would be used to narrate of phenomenon along with analyzing data and try to find relation between them (Nimpanich, 2008: 431-433) that would be applied for creating the linkage for the concepts of CSR, consciousness, and commercial banking management to formulate theoretical indicators (draft indicators), the linkage for formulating conceptual concept and defining the meaning to synthesize the definition of CSR and CSR consciousness, and the linkage between CSR consciousness indicators in banking business and core compositions/ sub compositions to give an explanation for specifying each composition.