Commitment to gender equality and female empowerment

Photo: Laxmi Bank

Kathmandu, April 2

Laxmi Sunrise Bank hosted its inaugural “Spark ’24: Empowering Women in Leadership – Inspire Inclusion” event, underscoring its unwavering dedication to fostering a culture of inclusion, equality, and empowerment for women in the workplace, recently.

The event brought together esteemed speakers, including the Honorable Member of the National Human Rights Commission, Lily Thapa; the Resident Representative of the International Monetary Fund, Teresa Daban Sanchez; Piyush Paudyal of F1 Soft Group; and Sewa Pathak, CEO of Vianet Communications, who shared valuable insights on female leadership and empowerment as per the press statement released by Laxmi Sunrise Bank.

It added that in his closing remarks, the CEO of Laxmi Sunrise Bank reaffirmed the bank’s steadfast commitment to enhancing the professional development and well-being of its female employees through a series of proactive initiatives. These initiatives encompass comprehensive mentorship programmes, targeted leadership training, flexible work arrangements, especially during pregnancy, and the implementation of care centres and lactation rooms in offices with a significant female presence.

“We strive to provide a conducive environment that enables women to thrive personally and professionally,” said the CEO. “Our unwavering commitment to fostering a psychologically safe and respectful workplace is evident through policies that uphold zero tolerance for harassment and discrimination.”

Notably, the bank’s female employee turnover ratio stands at less than one per cent, in stark contrast to the overall turnover rate of seven per cent, reflecting the positive outcomes of its concerted efforts to create an inclusive and supportive workplace environment.

Currently, 36 per cent of Laxmi Sunrise Bank’s workforce is female, with the figure improving to 45 per cent in metropolitan cities. Approximately, 40 per cent of the bank’s Branch Managers in the Kathmandu Valley are women, and 25 per cent of its departments are headed by females.

The CEO emphasised the bank’s commitment to continuously strive for improvement and announced the formal introduction of Diversity, Equity, and Inclusion (DEI) within the organisation’s structure to design, implement, and monitor its goals.

This event marks the beginning of an annual tradition, reinforcing the bank’s commitment to driving positive change and fostering a more inclusive and equitable future for all.

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