Indian Female Bank

Hii sir, I Wants to get the Information About the Bharatiya Mahila Bank Will you Please provide It ?

[pawan]

Bharatiya Mahila Bank (BMB) was an Indian financial services banking company based in Mumbai, India. Former Indian Prime Minister Manmohan Singh inaugurated the system on 19 November 2013 on the occasion of the 96th birth anniversary of former Indian Prime Minister Indira Gandhi

Financial
The Banks initial capital consists of Rs 1,000 crore
s. The government plans to have 25 branches of the said bank by the end of March 2014 and 500 branches by 4th year of operation (2017). As of date it has 105 Branches.

Management Committee

Bharatiya Mahila Bank was wholly owned by Government of India.Initially the bank had a board of directors consisting of eight women.

Mrs. Usha Ananthasubramanian was the chairman and managing director of the Bank and SM Swathi was executive director of Bank.

Objectives

The bank will also place emphasis on funding for skills developments to help in economic activity. Moreover, the products will be designed in a manner to give a slight concession on loan rates to women.

The bank shall also aim to inspire people with entrepreneurial skills and, in conjunction with NGOs, plans to locally mobilise women to train them in vocations like toy-making or driving tractors or mobile repairs, according to Usha Ananthasubramanian (CMD).