An Indian Small finance bank, AU Small Finance Bank has announced Menstrual leaves for female employees. The bank will provide one day of additional paid leave starting February 2023.
Sanjay Agarwal, MD and CEO, AU Small Finance Bank said, “The culture of a workplace can only be regarded as fully inclusive if it appreciates the needs of its varied workforce including women and even exiting employees.”
“Employee-centric policies, such as the menstrual leaves can pave the way towards building a friendly professional environment for women seeking to enter the workforce, through sensitising the organisation”, Sanjay Agarwal said.
“Similarly, ‘AU Forever Pass’ is introduced to honour the contribution of our employees who leave our organisation due to personal exigencies or professional aspirations. In this journey of ‘badlaav’, we will continue to march ahead holding hands with all our employees”, Sanjay Agarwal added.
While Vivek Tripathi, Head of HR, AU Small Finance Bank said, “During and post-pandemic AU Bank has taken many initiatives to make the workplace safe and healthy for its employees.”
“In recent times the bank has adopted policies like ‘AU Forever Pass’ initiative, menstrual leave policy, birthday leave, marriage anniversary leave, paternity leave, donating leaves policy, paid sabbatical leave for long serving employees, education assistance programme, personal loan policy, concessional home loan policy to address the changing needs of employees, families, and communities”, Vivek Tripathi added.
With a strong desire to contribute to nation-building, Mr. Sanjay Agarwal, a merit-holder Chartered Accountant and a first-generation entrepreneur, took it upon himself the responsibility of financing the entrepreneurship aspirations of the unreached and unbanked masses of India.
The desire was turned into reality and in 1996, Au Financiers was established. Headquartered in Jaipur, Rajasthan, the retail-focused Non-Banking Finance Company for two decades provided speedy and customized financial solutions to the rural and urban population.