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Axis Bank Unveils ‘ComeAsYouAre’; A Charter of Policies & Practices For Employees & Customers

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In keeping with its 'DilSeOpen' approach, Axis Bank today unveiled #ComeAsYouAre, a charter of policies and practises for LGBTQIA+ workers and customers. Axis Bank is now one of the first banks in India to undertake such efforts to encourage and execute diversity, equity, and inclusion through these programs. This action is consistent with the Bank's larger Environmental, Social, and Governance (ESG) objectives. Axis Bank in the announcement has said that "In a historic verdict on 6th September 2018 on Section 377, the honorable Supreme Court of India ruled that all sexual relationships between consenting adults in private should be decriminalized."

 
Axis Bank Unveils ‘ComeAsYouAre’; A Charter of Policies & Practices

The bank has further said that "Honorable Justice Indu Malhotra who was a part of the 5 member bench famously stated "History owes an apology to the members of this community and their families, for the delay in providing redressal for the ignominy and ostracism that they have suffered through the centuries. The members of this community were compelled to live a life full of fear of reprisal and persecution".

"In keeping with the same spirit of the Apex Court and the Bank's wider ESG aligned commitments, it has initiated of #ComeAsYouAre - a charter of policies and practices that embrace diversity, equity, and inclusion within the organization and for its customers," the bank added.

According to the official statement of the bank inclusive initiatives for the employees are:

Employees can list their partners for Mediclaim Benefits: All employees can list their partners for mediclaim benefits irrespective of gender, sex or marital status

Employees can dress in accordance with their gender/ gender expression: We recognize that employees could have gender or gender expression that's different from their sex assigned at birth. They can choose to dress in accordance with their gender/ gender expression.

Employees can use a restroom of their choice: Employees can choose to use the restroom of their choice in accordance with their gender expression/gender identity. We have initiated all-gender restrooms at our large offices.

Employees have a redressal process: Axis Bank has a Diversity, Equity and Inclusion policy and a Human Rights Policy that offers redressal to challenges faced by employees from this community

 

For customers, it has embarked on its journey to expand its inclusive banking offerings, and will roll out more of such initiatives in a phased manner, Axis Bank added.

Effective from 20th September 2021, customers will be able to opt for the following at Axis Bank branches:

  • Can open a Joint Savings Bank Account or a Term Deposit with their same-sex partner
  • Can add 'Mx' as a title: Customers who are gender non-binary, gender fluid or transgender persons will have the option of choosing their title from the option of 'Mx' in their Savings or Term Deposit Account.
  • Can make their same-sex partner a nominee in their Savings or Term Deposit Account at Axis Bank

"At Axis, we have put our focus on diversity, equity, and inclusion that respects and recognizes the importance of distinctive life journeys and several identities that extend beyond the paradigms of gender. This for us is as much about the invisible markers as it is about the visible ones. It is our belief that it fosters a culture of innovation and leverages the multiple talent pools that exist in rich demography like ours," Rajesh Dahiya, Executive Director, Axis Bank said on the initiative.

He further added that "Our Bank's wider ESG aligned commitments, the 'diversity & inclusion' agenda has been a strategic focus. Towards that our work internally focuses on creating equitable processes and policies that allow us to create space for everyone to thrive. We welcome you to join us in this journey as change makers. 'ComeAsYouAre' as we are 'DilSeOpen'".

Customers of Axis Bank can watch the campaign here.

Read more about: axis bank
Story first published: Monday, September 6, 2021, 16:05 [IST]
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