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  • 7/25/2019 Bharatiya Mahila Bank

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    atiya Mahila Bank - Wikipedia, the free encyclopedia

    //en.wikipedia.org/wiki/Bharatiya_Mahila_Bank[8/2/2014 1:19:42 AM]

    Bharatiya Mahila Bank

    Type State ownership

    Industry Banking, Financial services

    Founded 2013

    Headquarters New Delhi, India

    Key people Usha Ananthasubramanian

    (Chairman & MD)

    Products core banking, credit card,

    consumer banking, corporat

    banking, finance and

    insurance, investment

    banking, mortgage loans,

    private banking, private

    equity, wealth management

    Owner(s) Government of India

    Website www.bmb.co.in

    rom Wikipedia, the free encyclopedia

    Bharatiya Mahila Bank (Hindi: )(BMB) is an Indian

    nancial servicesbanking company based in New Delhi,

    ndia.FormerIndian Prime Minister Manmohan Singh

    naugurated the system on 19 November 2013 on the occasion

    f the 94th birth anniversary of former Indian Prime Minister

    ndira Gandhi.[1]Although initially reported as a bank

    xclusively for women, the bank allows deposits to flow from

    veryone, but lending will be predominantly for women. Indias the third country in the world to have a bank especially for

    women, afterPakistanand Tanzania.[2]

    he bank has been criticized as adopting a segregational

    pproach to gender equality. Uma Shashikant of the The

    induwrites:

    Women-only banks are another instance of wanting to

    treat women differently. We guise this in many forms,

    some in garbs of reverence, some as protection, but they

    are all forms of discrimination that promote gender-

    based stereotyping. Women-only organisations stem

    from this eagerness to patronise women in the name of

    preferential treatment.[3]

    Contents [hide]

    1 Banking For Women

    2 Objective3 Capital

    4 Branches

    5 Key management

    6 References

    7 External links

    Bharatiya MahilaBank

    Banking For Women [edit]

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    atiya Mahila Bank - Wikipedia, the free encyclopedia

    //en.wikipedia.org/wiki/Bharatiya_Mahila_Bank[8/2/2014 1:19:42 AM]

    n India, only 26% of women have an account with a formal financial institution, compared with 46% o

    men. That means an account in either a bank, a credit union, a co-operative, post office or a microfinan

    nstitution, according to a study by the World Bank.[4]Also, for women, per capita credit is 80 per cent

    ower than males.[5]

    urthermore, the results of a study using a global dataset covering 350 MicrofinanceInstitutions (MFIs)

    0 countries indicates that more women clients is associated with lower portfolio-at-risk, lower write-offs

    nd lower credit-loss provisions, ceteris paribus.[6]provision

    he bank will also place emphasis on funding for skills developments to help in economic activity. Moreo

    he products will be designed in a manner to give a slight concession on loan rates to women.[7]

    he bank shall also aim to inspire people with entrepreneurial skills and, in conjunction withNGOs, plans

    ocally mobilize women to train them in vocations like toy-making or driving tractors or mobile repairs,

    ccording to Usha Ananthasubramanian(CMD).[8]

    One of the other objectives of the bank is to promote asset ownership amongst women customers.[9]

    tudies have shown that asset ownership amongst women reduces their risk of suffering from domestic

    iolence.[10]

    he Bank's initial capital consists of Rs 1,000 crores. The government plans to have 25 branches of the s

    ank by the end of March 2014 and 500 branches by 4th year of operation (2017).

    S-based FIS Global, in partnership with Wipro is leading the race for a Rs 1,000-crore contract to prov

    T systems at the countrys first women-focussed bank, it is reliably learnt. [11]

    he government has chosen the iconicAir Indiabuilding at Nariman Pointin Mumbai to open the first

    ranch of Bank.[12]A seniorAir Indiaofficial said the company has agreed in principle to give space to t

    ank. The branch will come up in the 5,000 sq ft space on the sea-facing side of the building. With the

    haratiya Mahila Bank, we will have two bank branches on the ground floor of the building the other ank of Indiabranch, said a senior Air India official.

    he Bharatiya Mahila Bank, which started operations from November 2013, is planning to open a modes

    3,400 accounts through 39 branches in its first year.

    nitially the bank will have a board of directors consisting of eight women. [13]The board consists of a

    Objective [edit]

    Capital [edit]

    Branches [edit]

    Key management [edit]

    http://en.wikipedia.org/wiki/Microfinancehttp://en.wikipedia.org/wiki/World_Bankhttp://en.wikipedia.org/wiki/Microfinancehttp://en.wikipedia.org/wiki/Ceteris_paribushttp://en.wikipedia.org/wiki/NGOhttp://en.wikipedia.org/wiki/Usha_Ananthasubramanianhttp://en.wikipedia.org/wiki/Air_Indiahttp://en.wikipedia.org/wiki/Nariman_Pointhttp://en.wikipedia.org/wiki/Air_Indiahttp://en.wikipedia.org/wiki/Bank_of_Indiahttp://en.wikipedia.org/w/index.php?title=Bharatiya_Mahila_Bank&action=edit&section=2http://en.wikipedia.org/w/index.php?title=Bharatiya_Mahila_Bank&action=edit&section=3http://en.wikipedia.org/w/index.php?title=Bharatiya_Mahila_Bank&action=edit&section=3http://en.wikipedia.org/w/index.php?title=Bharatiya_Mahila_Bank&action=edit&section=4http://en.wikipedia.org/w/index.php?title=Bharatiya_Mahila_Bank&action=edit&section=5http://en.wikipedia.org/w/index.php?title=Bharatiya_Mahila_Bank&action=edit&section=5http://en.wikipedia.org/w/index.php?title=Bharatiya_Mahila_Bank&action=edit&section=4http://en.wikipedia.org/w/index.php?title=Bharatiya_Mahila_Bank&action=edit&section=3http://en.wikipedia.org/w/index.php?title=Bharatiya_Mahila_Bank&action=edit&section=2http://en.wikipedia.org/wiki/Bank_of_Indiahttp://en.wikipedia.org/wiki/Air_Indiahttp://en.wikipedia.org/wiki/Nariman_Pointhttp://en.wikipedia.org/wiki/Air_Indiahttp://en.wikipedia.org/wiki/Usha_Ananthasubramanianhttp://en.wikipedia.org/wiki/NGOhttp://en.wikipedia.org/wiki/Ceteris_paribushttp://en.wikipedia.org/wiki/Microfinancehttp://en.wikipedia.org/wiki/World_Bankhttp://en.wikipedia.org/wiki/Microfinance
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    atiya Mahila Bank - Wikipedia, the free encyclopedia

    //en.wikipedia.org/wiki/Bharatiya_Mahila_Bank[8/2/2014 1:19:42 AM]

    [hideV T E

    usiness graduate sarpanchfrom Rajasthan, Chhavi Rajawat, Dalitentrepreneur Kalpana Saroj, who turn

    round a tubes business, retired public banker Nupur Mitra, academic Pakiza Samad, private equity

    rofessional Renuka Ramnath,Godrej Groupexecutive Director Tanya Dubashand Priya Kumar, a

    overnment nominee.[14]

    One of the key objective of the Bank is focus on the banking needs of women and promote economic

    mpowerment through women's growth and developments.

    1. ^"Prime Minister of India Inaugurated the

    system" . Thehindubusinessline.com. Retrieved

    2013-11-20.

    2. ^"Bharatiya Mahila Bank: All you need to know

    about first all-women bank" . Firstpost. 2013-03-

    07. Retrieved 2013-11-20.

    3. ^Uma Shashikant (2013-08-25). "Must banks too

    go pink?" . The Hindu. Retrieved 2013-11-20.

    4. ^"BBC News - India PM Singh opens bank for

    women" . Bbc.co.uk. Retrieved 2013-11-20.

    5. ^Our Bureau. "Now open, the first bank for women

    | Business Line" . Thehindubusinessline.com.

    Retrieved 2013-11-20.

    6. ^Roy Mersland, Bert D'Espallier, Isabelle Gurin

    (November 18, 2010). "Women and Repayment in

    Microfinance" . SSRN. Retrieved 2013-11-20.

    7. ^FP Staff (2013-03-07). "Bharatiya Mahila Bank: All

    you need to know about first all-women bank" .

    Firstpost. Retrieved 2013-11-20.

    8. ^"Womens Bank will inspire people with

    entrepreneurial skills, says CMD" . Livemint.

    Retrieved 2013-11-20.

    9. ^"Govt to seek Cabinet approval for Rs 1,000 cr

    Bhartiya Mahila Bank" . Entrepreneurindia.com.

    Retrieved 2013-11-20.

    10. ^"Property Ownership & Inheritance Rights of

    Women for Social Protection The South Asia

    Experience: Synthesis report of three studies"

    ICRW. Retrieved 2013-11-20.

    11. ^Adith Charlie (2013-09-18). "Wipro-US firm tea

    leads race for Rs 1,000-cr Mahila Bank deal |

    Business Line" . Thehindubusinessline.com.

    Retrieved 2013-11-20.

    12. ^"Mahila Banks first branch at AI building at

    Nariman Point" . Financial Express. 2013-09-12

    Retrieved 2013-11-20.

    13. ^"Bhartiya Mahila Bank will offer higher interest

    on savings a/c: Highlights" . firstpost.com. 2013

    09-18. Retrieved 2013-11-20.

    14. ^"Bharatiya Mahila Bank, Indias first all-women

    bank, opens" . zeenews.india.com. 2013-09-18

    Retrieved 2013-11-20.

    Official website

    Banking in India

    Reserve bank Reserve Bank of India

    Public sector banks

    Allahabad BankAndhra Bank Bank of Baroda Bank of India Bank of Maharashtra

    Bharatiya Mahila Bank Canara Bank Central Bank of India Corporation Bank

    Dena Bank IDBI Bank Indian Bank Indian Overseas Bank Oriental Bank of Commer

    Punjab & Sind Bank Punjab National Bank State Bank of Bikaner & Jaipur

    State Bank of Hyderabad State Bank of India State Bank of Mysore

    References [edit]

    External links [edit]

    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  • 7/25/2019 Bharatiya Mahila Bank

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    atiya Mahila Bank - Wikipedia, the free encyclopedia

    //en.wikipedia.org/wiki/Bharatiya_Mahila_Bank[8/2/2014 1:19:42 AM]

    State Bank of Patiala State Bank of Travancore Syndicate Bank UCO Bank

    Union Bank of India United Bank of IndiaVijaya Bank

    Private sector banks

    RBL BankAxis Bank Catholic Syrian Bank City Union Bank Development Credit Bank

    Dhanlaxmi Bank Federal Bank HDFC Bank ICICI Bank IndusInd Bank

    ING Vysya Bank Jammu & Kashmir Bank Karnataka Bank Karur Vysya Bank

    Kotak Mahindra Bank Lakshmi Vilas Bank Nainital Bank South Indian Bank

    Tamilnad Mercantile Bank LimitedYes Bank

    Cooperative banksBuldhana Urban Cosmos Bank Saraswat Bank Shamrao Vithal Co-op. Bank

    Pune Peoples Cooperative BankAnyonya Co-operative Bank

    Mahila SEWA Cooperative Bank Mahesh Co-operative Bank

    Foreign banks

    ABN AMROAbu Dhabi Commercial BankAntwerp Diamond Bank

    Australia and New Zealand Banking Group Bank Internasional Indonesia Bank of Amer

    Bank of Bahrain and Kuwait Bank of Ceylon The Bank of Tokyo-Mitsubishi UFJ

    Barclays Citibank India Credit Suisse Deutsche Bank HSBC

    The Royal Bank of Scotland Scotiabank Standard Chartered

    Regional Rural Banks

    Andhra Pragathi Grameena Bank Kerala Gramin Bank Bangiya Gramin Vikash Bank

    Gramin Bank of Aryavart North Malabar Gramin Bank Pandyan Grama Bank

    Paschim Banga Gramin Bank Sarva UP Gramin Bank South Malabar Gramin Bank

    Uttar Bihar Gramin BankVananchal Gramin Bank

    List of regional rural banks in Uttar Pradesh

    Interbank networks BANCS Cashnet CashTree Cirrus IMPS MITR NFS PLUS RuPay

    Defunct banks

    Alliance Bank of SimlaArbuthnot & CoArnad Bank Bhagwan Das Bank

    Bank of Bombay Bank of Calcutta Bank of Chettinad Bank of Kerala Bank of Madras

    Bank of Madura Bank of Punjab Bank of Rajasthan Bengal Central Bank

    Bharat Overseas Bank Centurion Bank of Punjab

    Chartered Bank of India, Australia and China Chettinad Mercantile Bank (est. 1933)

    Cochin Commercial Bank Commercial Bank of India Dass Bank G. Ragumathulam Ba

    Global Trust Bank Grindlays Bank Hindustan Commercial Bank Illanji Bank (est. 190

    Imperial Bank of India Indo Commercial Bank (est. 1932) Lakshmi Commercial Bank

    Lord Krishna Bank Mercantile Bank of India, London and China Nath Bank

    Nedungadi Bank New Bank of India Oriental Bank Corporation Palai Central Bank

    Pandyan Bank Seasia Midland Bank Sree Poornathurayeesa Vilasam Bank

    State Bank of Indore State Bank of Saurashtra Tata Industrial Bank Trivandrum

    Permanent Bank Universal Bank of India Madhavpura Mercantile Cooperative Bank

    Related topics

    Banking Codes and Standards Board of India ATM usage fees in India

    De-Materialisation (DEMAT) Foreign Exchange (FOREX)

    Indian Financial System Code (IFSC) List of banks in India

    National Electronic Fund Transfer (NEFT) National Payments Corporation of India

    Real Time Gross Settlement (RTGS) Structured Financial Messaging System (SFMS)

    Prepaid Payment Instruments in India

    Categories: Companies based in New Delhi Banks of India Banks established in 2013

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