In a recently concluded survey that revealed the true picture of representation of women in public sector banks as well as the private ones, it has been observed that women make up only a meager 3 percent of the total workforce and most of them also belong to the clerical cadre. Though the picture is a bit more encouraging in case of private banks, the overall scenario is not too much encouraging barring the likes of Arundhati Bhattacharya, Chanda Kochar, Usha Anantsubramaniam, Shikha Sharma among others. But why are there so few women bankers in India? Let us find out the possible reasons.
Banking and Women: Why are there so few of them in banking?
Though in the recent days we have seen quite a few bankers at the helm of different public and private sector banks of the country as well as institutions such as International Monetary Fund, US Fed Reserve, the overall picture is not very bright in case of women bankers. There are several reasons for this trend and we shall try to list the few possible ones so that the policymakers can take note of that in order to reverse this trend in the near future:
Banks are gradually taking note of various issues facing women in public sector banks and are implementing policies in order to retain talent in the future. This has resulted in bank chiefs such Arundhati Bhattacharya, Chanda Kochar, Shikha Sharma, Usha Anantsubramaniam, Usha Thorat, Shymala Gopinath amongst others. It is expected that these chiefs will take care of their women employees better since they themselves have faced the problems. The result is already there with ICICI Bank under Mrs Kochar implementing work from home option and SBI under Mrs Bhattacharya implementing two year sabbatical policy for women employees to take care of children’s education or in laws. The picture is changing and the young generation needs to take heart from the fact that banking has not been the male domain only and in the near future, it will open its doors to women employees more and more. Now that we have got role models, the model HR policies will definitely find its way in bank statute books very soon.