India's first Bharatiya Mahila Bank

Bharatiya Mahila Bank (BMB) is an Indian financial services banking company. 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. BMB is public sector bank, the first women bank of India. India is third country who established women bank.

This objective of this bank is to emphasis on funding for skills developments to help in economic activity. Bank products are designed   in a manner to provide a concession on loan, provide financial help to woman, other objectives of the bank is to promote asset ownership amongst women customers

The key aspects about BMB bank is:-

•  Focus on the banking needs of the women and promote economic empowerment. It will also address the gender related issues and will be helpful in financial inclusion.
• India’s first all-women public sector bank; expected to be formally launched on November 19, 2013.
• First 6 branches at Mumbai, Delhi, Kolkata, Chennai, Indore and Guwahati.
• Headquarter of Bharatiya Mahila Bank: Delhi.

          CMD: Usha Ananthasubramanian

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