News: Banks lay out special maternity benefits for women employees

Diversity

Banks lay out special maternity benefits for women employees

The hypercompetitive world of banking is increasingly recognising the importance of retaining female talent, in particular those who lose the most productive years of their lives to family commitments, Economic Times reported.

The hypercompetitive world of banking is increasingly recognising the importance of retaining female talent, in particular those who lose the most productive years of their lives to family commitments, Economic Times reported.

ICICI Bank provides its employees a unique leave basket: Six months of paid maternity leave that can be extended by taking leave without pay on a need basis; 36 days of paid child care leave each year for mothers or single fathers till the child attains the age of 2 years and 180 days of leave for employees undergoing fertility treatment.

For its part, Citi India has a unique 'Flexible Maternity Policy', where women officers are entitled to avail of maternity leave of 180 days in three different options. Besides Citi and ICICI, a clutch of big global banks aim leave initiatives and policies specifically at new mothers.

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Topics: Diversity, #Updates

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