Tag: lgbtqia+ community

Axis Bk diversity charter to empower staff, clients, BFSI News, ET BFSI

Banking & Finance

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Mumbai: Axis Bank has taken several HR measures to bring equality to employees and customers from the LGBTQIA+ community as part of its strategy to promote diversity and inclusion.

The private lender on Monday announced a ‘ComeAsYouAre’ charter of policies and practices that will apply to those within the organisation and customers. The bank said that this charter is in keeping with the spirit of the Supreme Court verdict on September 6, 2018 on Section 377, which ruled that all sexual relationships between consenting adults in private should be decriminalised.

While multinational banks have already in place a diversity charter in keeping with their global practices, Axis Bank is the first among domestic lenders to publicly announce a charter. Under this charter, employees can list their partners for mediclaim benefits irrespective of gender, sex or marital status. Employees can dress following their gender or gender expression.

“We recognise 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,” the bank said. Employees can also choose to use the restroom of their choice following their gender expression/gender identity.

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Axis Bank introduces policies for employees and customers from LGBTQIA+ community, BFSI News, ET BFSI

Banking & Finance

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Read More/Less


Private lender Axis Bank on Monday announced a charter of policies and practices for their employees and customers from the LGBTQIA+ community.

Under this policy all employees can list their partners for mediclaim benefits irrespective of gender, sex or marital status. It has also put in place a Human Rights Policy that offers redressal to challenges faced by employees from this community.

“We recognize that employees could have a gender or gender expression that’s different from their sex assigned at birth,” the bank said in a statement. “They can choose to dress in accordance with their gender/ gender expression.”

Employees can also choose to use the restroom of their choice in accordance with their gender expression or identity.

Axis Bank customers can now also open a Joint Savings Bank Account or a Term Deposit with their same sex partner.

“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,” said Rajesh Dahiya, Executive Director, Axis Bank. “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 a rich demography like ours.”



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