Mental Health & D&I: Both Problems Have Similar Solutions
Banking Frontiers|October 2021
The pandemic has created heightened awareness about mental health issues, while Diversity & Inclusion (D&I) issues have been steadily becoming more visible. While the problems are distinct, there is a lot in common among the solutions:
Manoj

Dr Bijna Kotak Dasani MBE, FRSA is Executive Director at Morgan Stanley. With over 20 years of experience, Bijna has led strategy, transformation and innovation within the financial services sector across the UK, EMEA, the Americas and Asia. Additionally, she serves the Boards of The Inclusive Companies Network, FinTech Connect, CIONET, Generation Success, Cajigo and Restorative Justice for All. She shares her insights on the confluence of mental health and diversity and inclusion:

Manoj Agrawal: Mental health is becoming a matter of rising concern. Is the root cause WFH or lockdown or something else?

Dr Bijna Kotak Dasani: Mental health issues have increasingly become prevalent in the workplace in recent years and within the spectrum of Diversity, Equity and Inclusion (DE&I) the global financial services sector has started to test-and-learn through frameworks to support both customers and colleagues alike.

Globally, the pandemic has heightened our awareness and sensitivities towards vulnerable customers externally, and within organizations, the vertical strands of depression, anxiety, suicide, hidden abuse, domestic violence, socio-economic, cultural, racial and genderbased challenges and more.

Firms understand the importance of providing education and awareness of these topics as well as psychological safe havens / spaces whereby colleagues can authentically discuss and work through the above, without repercussive pressures of judgment, stigma and taboo.

In recent years we have observed Lloyds Chief Executive António Horta-Osório openly share he suffered sleep deprivation and exhaustion, and former Barclays Head of Compliance Hector Sants, who was signed off on medical leave in 2013 due to severe stress as reported by World of Finance (2019).

The World Health Organization (WHO) recently shared that 5 of the 10 leading causes of disability worldwide are mental problems (major depression, schizophrenia, bipolar disorders, alcohol use and obsessive-compulsive disorders). These disorders – together with anxiety, depression and stress – have a definitive impact on any working population. They may also develop into long-term disorders with accompanying forms of disability.

Emotional and mental health concerns can rise equally from WFH or office environments; the pandemic culture has simply accentuated this across the world.

And although these factors may attribute to mental health pressures, they are not root causes. Root causes usually attribute to cultural norms, value systems and environments within which employees bring a version of themselves to work, day in, day out. Increasingly, employer organizations are encouraging colleagues to smash stigmas and stereotypes and bring their ‘authentic’ personas to work and providing practical methods of intervention such as counselling.

What are the differences in mental health issues of those who have reduced income vs those who have full income?

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM BANKING FRONTIERSView All

NBFCs Drive Digital Transformation On Multiple Fronts

A deep dive into how NBFCs are riding the storm and emerging stronger :

10 mins read
Banking Frontiers
December 2021

Covid Impacts Job Satisfaction, But Not Attrition

Praveen Menon, Chief People Officer at IndiaFirst Life Insurance Company updates about changing employee expectations & job satisfaction scenario at his organization

3 mins read
Banking Frontiers
December 2021

ICICI Bank, Axis Bank thrive on API, UPI, Platforms

While Bharat Bank unit of Axis Bank will offer tailored rural products with increased physical & digital reach over the next 3 years, ICICI Bank has created 19 industry specific stacks to provide digital solutions to corporate clients:

5 mins read
Banking Frontiers
December 2021

Moving swiftly to adopt technology and expand services

Telangana based co-operative bank is planning to increase its average digital transaction count to 0.2 million by end of 31st March 2024:

5 mins read
Banking Frontiers
December 2021

PACS will be integrated with the CBS of DCCBs

NABARD has earmarked `50 billion for enabling PACS to be a key player in the agri-value chain by turning them into multi service centers:

6 mins read
Banking Frontiers
December 2021

How Turtlemint sells 10,000 insurance policies every day

The platform provides advisors with digital tools enabling them to sell multiple insurance products of different companies through one

6 mins read
Banking Frontiers
December 2021

Logic & Emotion direct CX Improvements

Nilesh Parmar, Chief Operating Officer, Future Generali India Life Insurance shares the importance of logical & emotional aspects in customer experience design:

5 mins read
Banking Frontiers
December 2021

LDP identifies & grooms future leaders at Indian Bank

Indian Bank commemorated its 115th foundation day on August 15, 2021. The bank has a staff of 24,821 officers, 12,995 clerks, 2769 sub-staff and 311 full time sweepers, totaling to 40,896 staff, as of Q1 FY 22. Females comprise 28% of the staff. Shanti Lal Jain assumed charge as MD & CEO of Indian Bank on 1st September 2021. He is supported by 3 executive directors - Shenoy Vishwanath V., Imran Amin Siddiqui and Ashwani Kumar.

3 mins read
Banking Frontiers
December 2021

ADB lends for vaccines, health care in India

The Asian Development Bank (ADB) has been proactively increasing its engagement with India. A number of approval and agreement has come India’s way in recent months.

3 mins read
Banking Frontiers
December 2021

A platform for fixed income investment options

Bondskart.com is a fully customized platform offers functional efficiency and is available in web and on mobile app:

3 mins read
Banking Frontiers
December 2021
RELATED STORIES

DENZEL'S FACE IS COLLAPSING!

LEADING man Denzel Washington’s face is collapsing from backfired plastic surgery, top doctors told The National ENQUIRER.

1 min read
National Enquirer
January 03, 2022

The Big Burnout

Long hours, low pay and a lack of appreciation — among other things — can make for a stressful workplace and lead to burnout. It’s something we should all be concerned about, because over half of the workforce reports feeling it

10 mins read
BBC Science Focus
New Year 2022

PRINCE WILLIAM:MY WAR WITH DEPRESSION

Shocking confession sparks panic in palace

3 mins read
Globe
December 27, 2021

Out the Other Side

The burden of leading can be heavy even in the best of times. Coupled with the depression that afflicts so many founders, it can overwhelm their soul ... or forge it into something stronger.

10+ mins read
Inc.
Winter 2021/2022

HOW YOUR BODY BENEFITS FROM QUITTING BOOZE

Four weeks without a a drink will bring significant improvements, like weight loss and lower blood pressure

1 min read
Globe
November 29, 2021

Ayurvedic Loneliness Remedies

Everyone experiences loneliness on occasion. Unfortunately, many of us feel it most intensely during the holidays, regardless of whether we are surrounded by friends and family, in a relationship, or alone.

5 mins read
Yoga Journal
November - December 2021

Could “Magic” Mushrooms Be the Best Drug for Fighting My Depression?

May I be grounded. May I be curious. This was my daily mantra from last November through February. Every morning I’d step outside in my bare feet, feel the earth under my toes— even in the snow—and repeat those words internally.

6 mins read
Yoga Journal
November - December 2021

Much Ado About Maca

This South American sensation is making its presence known as a world-class tonic that does just about everything.

2 mins read
Better Nutrition
October 2021

10 Ways You're Sabotaging Your Immune System

Never as a nation have we been more focused on immunity. But in spite of our best efforts, some all-too-common daily habits may be undermining our resistance to infection. Here are 10 sneaky immune saboteurs, and ways to change them.

5 mins read
Better Nutrition
October 2021

Trippy Treatments

Psilocybin, the active ingredient in “magic mushrooms,” is undergoing clinical trials. It could be the biggest advance in treating depression since Prozac.

10+ mins read
Newsweek
October 01, 2021