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Bank of Baroda on Tuesday said it has launched Crèche – Child Daycare facility within its Mumbai Corporate Office premises. The public sector bank said it will bear 60% of costs for each child, the rest to be borne by parent.
“The larger objective is more representation of women employees in senior positions. We are committed to equality in gender representation and there is an increasing need for more women in senior positions,” said PS Jayakumar, MD & CEO, Bank of Baroda. The day care is one of the many initiatives of the bank in creating an environment that is conducive to working women and parents, in general, he added.
It offers full-day support for kids, while engaging them in activities in a safe, progressive and fun environment, the bank said in a statement. “The life of a working parent can be very stressful. As we launch this daycare, we hope to make parenthood easier and also continue our professional growth while supporting our employees. Furthermore, not having daycare becomes a deterrent for mid-career women. Our facility tells women employees in particular they need not step away from their career when they have kids”, said Papia Sengupta, Executive Director, Bank of Baroda.
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