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Bhartiya Mahila Bank to be launched on Indira Gandhi’s birthday

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Inida’s first all women bank is expected to be launched on November 19, the birth anniversary of former Prime Minister Indira Gandhi.

“We have asked the Election Commission…it (the bank) might be as well inaugurated on November 19. All work has been completed.

“But whether we can do it on November 19, whether we can do it in Delhi or in other city, these are matters my secretary is talking to the Election Commission,” Finance Minister P Chidambaram said at a press conference here.

The government is seeking Election Commission’s nod for launch of the bank, proposed in the Union Budget, as the process of assembly elections in five states, including Delhi, is on.

Bharatiya Mahila Bank, India’s first women’s bank, will not be launched from its headquarter Delhi, but from Mumbai because of the model of conduct for Delhi elections.

Finance Minister P Chidambaram will inaugurate the bank on November 19 in Mumbai.

The United Progressive Alliance government had wanted to inaugurate it in Delhi on November 19, the birth anniversary of former Prime Minister Indira Gandhi, but the Election Commission did not give the permission as Delhi goes to polls on December 5.

Shri Chidambaram will launch six branches – Kolkata, Guwahati, Chennai, Bangalore, Lucknow and Mysore- from Mumbai through a video link. Jaipur and Indore are also ready but will have to wait for the launch owing to the code of conduct for the Assembly elections there.

The public sector Bharatiya Mahila Bank proposes to have 25 branches by March 31, 2014. Bharatiya Mahila Bank’s treasury operations will also be carried out from Delhi.

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Bharatiya Mahila Bank Recruitment – 103 candidates selected

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BMB has finalized its list of Probationary Officers. Out of 115 vacancies notified, 103 have been filled up.

Out of 103, 36% i.e34 candidates are Men, and the rest Women.

BMB, with its Head Office in New Delhi, is expected to focus on the banking needs of women and promote their economic empowerment. It plans to go live by November, 2013.

The probationary officer post is an entry-level position in the officer’s grade in public sector banks. The initial monthly salary in the probationary officer grade is about Rs 24,450 in a metropolitan centre, with allowances depending on the place of posting. In addition, conveyance, medical aid, leave travel concession and retirement benefits are admissible, according to the rules of the bank.

As informed earlier, appointment letters to fill in 50 vacancies immediately will be issued. Appointment letters for the remaining vacancies will be issued as and when branches are opened.

The first set of branches apart from New Delhi will be in eight cities: Kolkata, Guwahati, Chennai, Bangalore, Jaipur, Lucknow, Mysore and Indore.

The bank will have 39 branches (including mobile and satellite branches) and 127 ATMs by the end of the first year of its operations and is projected to expand this to 778 branches and 2,088 ATMs by the end of the seventh year.

Of course, BMB customers would be able access their money through NFS ATM’s too. Yes, there will be Net Banking too.

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Bharatiya Mahila Bank Online Application Process for 115 vacancies

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BMB through SBI Caps has released an advertisement to fill up 115 vacancies in the JMGS-I cadre.

This is a major step in BMB’s target to be operational by November 2013. In the first phase, 50 applicants will be taken on board and the remaining by March 2014, as and when new branches open.

The Online link is already open, and will be open till September 30, 2014. These JMGS-I cadre will be the manning the branches and will be the first point of contact for retail customers.

So, go ahead and apply now. Yes, only women candidates are expected to apply.

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Bhartiya Mahila Bank (BMB) – Search for premises

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SBI Capital Markets has initiated the search for housing the new Bhartiya Mahila Bank (BMB) branches.

As the deadline for opening the new branches is very short, the RFP clearly states the premises should be ready to occupy.

BMB will kick start its operations from eight cities.  Karnataka is lucky, as 2 of the first eight branches will be located in Karnataka state.

The Head Office will be New Delhi, and by default the HO will also house a branch.

1. KOLKATA (Salt Lake – Sector 1 or 5, OR Park Street – Chowringhee OR BBD Bagh)

2. GUWAHATI (G S Road OR Fancy Bazar / Pan Bazar OR Shilpukhri)

3. CHENNAI (Alwarpet OR Mylapore OR Anna Nagar)

4. BANGALORE (Electronic City)

5. JAIPUR (Vaishali Nagar OR C-scheme OR Mansarovar)

6. LUCKNOW (Gomtinagar OR Hazaratganj OR Mahanagar)

7. MYSORE (Devaraj Urs Road OR Kuvempu Nagar)

8. INDORE (AB Road- Vijay Nagar to New Bus stand OR Saket)

The premises must be on the ground floor with a frontage and a carpet area of approx. 2200-2750 sq ft. The premises must be in an approved commercial area with adequate parking space and all facilities including adequate power.

ATM’s will be part of the Branch premises, however, at the same time the ATM lobby will be open 24*7 hours.

 

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