Global Banks Expand Maternity Benefits to Retain Women in India

Global Banks Expand Maternity Benefits to Retain Women in India

HSBC pays for bankers’ nannies in India for up to six years. Morgan Stanley allows pregnant staff to expense cab rides, and Citigroup Inc. lets new moms work from home for a year after their maternity leave runs out. Across India, global financial firms are expanding maternity benefits to include perks rarely seen elsewhere. This move aims to retain women employees and promote gender diversity in the workforce. Companies like HSBC, Morgan Stanley, and Citigroup are going beyond the mandated maternity leave periods to provide additional support to their female staff. These initiatives are expected to have a positive impact on women empowerment and gender equality in the corporate sector in India. For more information, read the full article.

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