As the Election Commission embargo is over, the newest branch of India’s youngest Bank, Bharatiya Mahila Bank opened its branch in New Delhi.
The Bharatiya Mahila Bank (BMB) will have a branch in each State capital by March-end next year, Finance Minister P. Chidambaram said.
On the inaugural day i.e 19th November 2013, it launched it’s operations with seven branch and added two more i.e New Delhi and Indore on 05/12/213
Inaugurating the New Delhi branch and registered office of the bank here on Thursday, Chidambaram said, to grow quickly, BMB should think ‘out-of-the-box’ and invent its own business model other than branch expansion.
BMB’s board of directors, he said, should also consider whether customers who are based 10-20 km from the branch can be reached through the use of technology.
Delhi Chief Minister Sheila Dikshit suggested that BMB could look at setting up mobile ATMs in thickly populated areas of the Capital so that access to banking could be improved for many women.
|10||Jammu and Kashmir||Srinagar (summer), Jammu (winter)|
|1||Andaman and Nicobar Islands||Port Blair|
|3||Dadar and Nagar Haveli||Silvassa|
|4||Daman and Diu||Daman|
The cities, where the new branches of Bharatiya Mahila Bank will be set up during 2013-14, are Hyderabad, Chandigarh, Shimla, Bhubaneswar, Jaipur, Dehradun, Patna, Naya Raipur, Panaji, Srinagar, Thiruvananthapuram, Ranchi, Shillong, Gangtok, Agartala and Itanagar.
- Election Commission allows launch of first all-woman Bharatiya Mahila Bank (dnaindia.com)
- In Indore, they bank on women entrepreneurs (dnaindia.com)
- Mahila Bank seeks momentum with new branches, 9% FD rate (dnaindia.com)