Mumbai Capital

ICICI Bank to allow women employees one year of work from home

Chanda Kochhar, MD & CEO of ICICI Bank, at the press meet in Mumbai.— Photo: Paul Noronha  

The country’s largest private sector bank, ICICI, has announced that it will provide its women employees the work-from-home facility for at least one year.

The period can be extended, if required. This facility can also be clubbed with maternity leave. About 30 per cent of the bank’s 73,000 employees are women.

“Although women form 48 per cent of the population in our country, their representation in the workforce is much lower than men,” Chanda Kochhar, MD & CEO of ICICI Bank, said at a press meet while announcing the initiative.

“Many women who join the workforce are sometimes forced to take a break or even leave their jobs due to various life stage needs like maternity and child care. Lack of a support system due to predominance of nuclear families, inadequate infrastructural facilities like crèches, and long commute time accentuate the problem. To ensure that women do not leave the workforce, there is a strong need for a robust support system, both at home and at work,” Ms Kochhar said.

The employees will be provided access to their required operating systems in a safe and secure manner, thereby creating a seamless office-like environment, the bank said. The technology platform for this programme has been developed in-house by ICICI Bank, in partnership with students from IIT Delhi.

Under the programme, unveiled internally a few weeks back, employees are carrying out various tasks such as checking documents for disbursement of loans, image-based verification of cheques for clearance, and first-level scrutiny of documents for opening of accounts, as part of the overall account opening process.

The other initiative offered by the bank is aimed at women managers who need to travel for official work. They are allowed to take their child, up to 3 years of age, and a caregiver, and the bank will accommodate their stay and travel.

The bank has also introduced some benefits for its women customers, which include unlimited free ATM usage at all banks, and cash back up to Rs 750 per month on use of debit card at departmental stores, among others.

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Printable version | Feb 27, 2021 1:06:01 PM | https://www.thehindu.com/news/cities/mumbai/business/icici-bank-to-allow-women-employees-one-year-of-work-from-home/article8326102.ece

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