your password has been reset successfully, Please login again.

Bank Of Baroda Launches A Daycare Facility For Its Employees

By launching daycare facility, BOB has become the first bank amid public sector banks to offer this facility
BY BEx Bureau
BusinessEx
Mar 12, 2019

Bank of Baroda, an Indian multi-national public sector bank, has begun catering daycare facility to its employees children. By launching the daycare facility, BOB has become the first bank amid public sector banks to offer this facility.

The bank was first initiated the crche facility in its Mumbai office in Bandra Kurla Complex, wherein over 1500 employees of the bank reside. After assessing the positive outcomes of the company, the bank decides on to initiate the daycare facility in Vadodara as well, as reported by the Indian daily news, The Economic Times.

In essence, the bank was taken this initiative in order to facilitate the employees and reduce their stress to find out the right daycare centres for children of the age group 0.6-6 years. Under this new initiative, the bank will be bearing 60 per cent of the cost whilst the employees will bear remaining 40 per cent cost, said Papia Sengupta, Executive director of BOB, as reported by the Indian daily news, The Economic Times.

Sengupta added that the bank aims to form a professional environment for female working women through this new policy.

We are open to evaluating the feasibility of introducing this facility in other metros and major locations, said Papia Sengupta, as reported the Indian daily news, The Economic Times.

The public sector bank, BOB, employs over 55,000 employees across India, has linked with Klay Prep School and Daycare to cater this facility to the employees.

Please add your Comment
SIMILAR News
November 22, 2019
Online ed-tech startup, Azent Overseas Education Ltd has reportedly bought AI-based student admissio ...More
By Jaspreet Kaur
November 22, 2019
WazirX’s ‘Smart Token Fund’ attribute aids cryptocurrency investors in ascertaining traders as well ...More
By Jaspreet Kaur
November 21, 2019
Onelife Nutriscience will employ the money for expansionary plans, team building, and marketing. ...More
By Jaspreet Kaur
November 21, 2019
Beverage making firm, Svami Drinks has reportedly obtained INR 7.5 crore in its pre-Series A funding ...More
By Jaspreet Kaur
November 20, 2019
Co-working platform, myHQ has reportedly raised INR 10.7 crore from investment firms encompassing In ...More
By Jaspreet Kaur
November 18, 2019
As per the deal, Centrum MicroCredit will procure entire portfolio of the acquiring firm, Altura and ...More
By Jaspreet Kaur
November 16, 2019
Other investors who have partaken in the funding round are Nexus, BNK Ventures, Capria Fund, and Wil ...More
By Jaspreet Kaur
November 15, 2019
The funding round has been collectively run by Shunwei Capital and Accel India. ...More
By Jaspreet Kaur
November 15, 2019
Norwest Venture Partners, which has previously infused in Spotify and Uber, has lately closed a larg ...More
By Jaspreet Kaur
November 14, 2019
The move alludes to Tencent’s strategy as it is increasing its bets on the Internet firms in the Sou ...More
By Jaspreet Kaur
November 13, 2019
Sanaka Capital, a private equity company buoyed up by Shankar Narayanan, has signed its first deal ...More
By Jaspreet Kaur
November 12, 2019
The company will employ the funds for expanding its business across India by doubling down its bed c ...More
By Jaspreet Kaur