Corporation Bank Improves Women Representation In Workforce

The ratio of women workforce improves to 31.27% in the last 3 years:

P .V. Bharathi has assumed charge as MD & CEO of Corporation Bank on 1 February 2019. She came to the bank from Canara Bank where she was an ED. Besides her, Corporation Bank’s board of directors has another woman director – Chitra Gouri Lal. The bank today has a staff strength of 19,080.

Bharathi points out that the bank has 5967 female employees as on 31 December 2018, which is 31.27% of the total workforce. Women officers comprise 27.62% of officers’ cadre. Assistant manager (Scale I) has the highest level (37.87%) of female officers, followed by Manager (Scale II) (25.21%). PTS and clerical cadre among ‘award staff’ have 1.64% and 35.80% female employees respectively.

POSTING PROVISIONS

Promotion opportunities for female employees in Corporation Bank are at par with male employees. In case of transfers, women employees are posted to branches/ offices nearest to the place of residence of their parents in case of unmarried employees and nearest to the place of residence of their spouse in case of married employees, subject to administrative exigencies. Says Bharathi: “Where both wife and husband are employed with our bank, they are invariably posted at the same centre. We have 15 ‘all women’ branches across the country and 322 women are heading branches at various levels and 3 zones are headed by women managers.”

CELEBRATING WOMEN’S DAY

With women constituting 31.27% of the total workforce, it is critical for the bank to design policies and programs to attract, retain and engage them, and also to reinforce its commitment to these employees. “During the current year, we have taken the initiative to provide women with effective counseling and social support so that they can transform life challenges into positive change and growth,” says Bharati.