You are here: Home » Finance » News » Banks
Business Standard

All women's bank to open three branches in northeast India

Govt-owned bank has set up its northeast India's first branch in Assam's main city Guwahati last year

IANS  |  Agartala 

The Bharatiya Mahila Bank (BMB) -- India's first all-women bank -- will open three more branches in three capital cities of the northeastern states this week, officials said here Sunday.

"Three branches of the BMB will be set up in Agartala (Tripura), Shillong (Meghalaya) and Itanagar (Arunachal Pradesh) in this week," a senior official of the Reserve Bank of India told IANS.

The government-owned bank that was launched Nov 19 last year has set up its northeast India's first branch in Assam's main city Guwahati last year.

The official said BMB chairman and managing director Usha Ananthasubramanian would set up the region's second branch in Agartala Monday.

The Shillong and Itanagar branches of the women's bank will be set up within this week.

"By March 31 or before the end of the current fiscal (2013-14), 23 branches are expected to be opened across the country," the official added.

Besides the three northeastern capital towns, the cities where new branches will be set up during the 2013-14 fiscal include Hyderabad, Chandigarh, Shimla, Bhubaneswar, Jaipur, Dehradun, Patna, Naya Raipur, Panaji, Srinagar, Thiruvananthapuram and Ranchi.

Aiming to economically empower women, Prime Minister Manmohan Singh and United Progressive Alliance chairperson Sonia Gandhi inaugurated the BMB Nov 19 simultaneously opening seven branches of the bank.

The bank's nine branches, one each in Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Indore, Bangalore, Guwahati and Lucknow, are all operational.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, March 23 2014. 14:21 IST
RECOMMENDED FOR YOU
.