PROMOTING SOCIAL INCLUSION, EQUALITY, LEADERSHIP, AND DIVERSITY FOR ACHIEVING SDG 5 WITHIN THE INDIAN BANKING SECTOR

Abstract

The UN Sustainable Development Goal 5 aims to eradicate all forms of discrimination and violence against women, yet gender bias remains prevalent in India. The banking industry predominantly comprises male employees, with limited representation of women in senior roles, owing to historical barriers to entry for women in the profession. To address this disparity, one potential solution is to recruit women for leadership positions from international sources, provided the banking sector opens up to this opportunity. Given that the advancement of the banking sector in India hinges on accessing top talent, it is imperative to foster diversity by welcoming multinational expatriates. The notion of liberalization, privatization, and globalization in the Indian context is currently constrained. However, the prospects for privatization and globalization can be enhanced through the integration of a multicultural workforce, both domestically and globally.