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Bharatiya
Mahila Bank
(Hindi: ) (BMB) is an Indian
Contents
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financial
services banking company based in New Delhi,
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India.Former Indian Prime Minister Manmohan Singh
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inaugurated
the system on 19 November 2013 on the occasion
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the 94th
birth anniversary of former Indian Prime Minister
Indira
Gandhi.[1] Although initially reported as a bank
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exclusively
for women, the bank allows deposits to flow from
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everyone, but lending will be predominantly for women. India
Community portal
is the
third country in the world to have a bank especially for
Recent changes
[2]
women,
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page Pakistan and Tanzania.

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Toolsbank has been criticized as adopting a segregational


The
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approach to gender equality. Uma Shashikant of the The
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Bharatiya Mahila
Bank

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Type

State ownership

Industry

Banking, Financial services

Founded

2013

Headquarters New Delhi, India


Key people

(Chairman & MD)

Products

core banking, credit card,


consumer banking, corporate
banking, finance and
insurance, investment
banking, mortgage loans,
private banking, private
equity, wealth management

Owner(s)

Government of India

Website

www.bmb.co.in

Special pages

Women-only banks are another instance of wanting to


treat women differently. We guise this in many forms,
Page information
someitem
in garbs of reverence, some as protection, but they
Wikidata
Citeare
this all
page
forms of discrimination that promote genderPrint/export
based stereotyping. Women-only organisations stem
Create
a book
from
this eagerness to patronise women in the name of
Download as PDF
preferential treatment. [3]
Permanent link

Printable version

Languages

Contents [hide]

1 Banking For Women


2 Objective
3 Capital

Edit links

4 Branches
5 Key management
6 References
7 External links

Banking For Women

[edit]

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

Usha Ananthasubramanian

Go

Bharatiya Mahila Bank - Wikipedia, the free encyclopedia

In India, only 26% of women have an account with a formal financial institution, compared with 46% of
men. That means an account in either a bank, a credit union, a co-operative, post office or a microfinance
institution, according to a study by the World Bank.[4] Also, for women, per capita credit is 80 per cent
lower than males.[5]
Furthermore, the results of a study using a global dataset covering 350 Microfinance Institutions (MFIs) in
70 countries indicates that more women clients is associated with lower portfolio-at-risk, lower write-offs,
and lower credit-loss provisions, ceteris paribus.[6] provision

Objective

[edit]

The bank will also place emphasis on funding for skills developments to help in economic activity. Moreover,
the products will be designed in a manner to give a slight concession on loan rates to women. [7]
The bank shall also aim to inspire people with entrepreneurial skills and, in conjunction with NGOs, plans to
locally mobilize women to train them in vocations like toy-making or driving tractors or mobile repairs,
according to Usha Ananthasubramanian (CMD).[8]
One of the other objectives of the bank is to promote asset ownership amongst women customers. [9]
Studies have shown that asset ownership amongst women reduces their risk of suffering from domestic
violence.[10]

Capital

[edit]

The Bank's initial capital consists of Rs 1,000 crores. The government plans to have 25 branches of the said
bank by the end of March 2014 and 500 branches by 4th year of operation (2017).
US-based FIS Global, in partnership with Wipro is leading the race for a Rs 1,000-crore contract to provide
IT systems at the countrys first women-focussed bank, it is reliably learnt. [11]

Branches

[edit]

The government has chosen the iconic Air India building at Nariman Point in Mumbai to open the first
branch of Bank.[12] A senior Air India official said the company has agreed in principle to give space to the
bank. The branch will come up in the 5,000 sq ft space on the sea-facing side of the building. With the
Bharatiya Mahila Bank, we will have two bank branches on the ground floor of the building the other is a
Bank of India branch, said a senior Air India official.
The Bharatiya Mahila Bank, which started operations from November 2013, is planning to open a modest
33,400 accounts through 39 branches in its first year.

Key management

[edit]

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

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

Bharatiya Mahila Bank - Wikipedia, the free encyclopedia

business graduate sarpanch from Rajasthan, Chhavi Rajawat, Dalit entrepreneur Kalpana Saroj, who turned
around a tubes business, retired public banker Nupur Mitra, academic Pakiza Samad, private equity
professional Renuka Ramnath, Godrej Group executive Director Tanya Dubash and Priya Kumar, a
government nominee. [14]
One of the key objective of the Bank is focus on the banking needs of women and promote economic
empowerment through women's growth and developments.

References

[edit]

1. ^ "Prime Minister of India Inaugurated the

Retrieved 2013-11-20.

system" . Thehindubusinessline.com. Retrieved


2013-11-20.

Bhartiya Mahila Bank" . Entrepreneurindia.com.

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


about first all-women bank" . Firstpost. 2013-0307. Retrieved 2013-11-20.

Retrieved 2013-11-20.
10. ^ "Property Ownership & Inheritance Rights of
Women for Social Protection The South Asia

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


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

Experience: Synthesis report of three studies"

ICRW. Retrieved 2013-11-20.


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

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

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

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.

| Business Line" . Thehindubusinessline.com.

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

Retrieved 2013-11-20.
6. ^ Roy Mersland, Bert D'Espallier, Isabelle Gurin
(November 18, 2010). "Women and Repayment in

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


Retrieved 2013-11-20.
13. ^ "Bhartiya Mahila Bank will offer higher interest rate

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" .

on savings a/c: Highlights" . firstpost.com. 201309-18. Retrieved 2013-11-20.


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

Firstpost. Retrieved 2013-11-20.

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

8. ^ "Womens Bank will inspire people with

Retrieved 2013-11-20.

entrepreneurial skills, says CMD" . Livemint.

External links

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

[edit]

Official website
v

Banking in India

te
Reserve bank

[hide]

Reserve Bank of India


Allahabad Bank Andhra 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 Commerce

Public sector banks

Punjab & Sind Bank Punjab National Bank State Bank of Bikaner & Jaipur
State Bank of Hyderabad State Bank of India State Bank of Mysore

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

Bharatiya Mahila Bank - Wikipedia, the free encyclopedia

State Bank of Patiala State Bank of Travancore Syndicate Bank UCO Bank
Union Bank of India United Bank of India Vijaya Bank
RBL Bank Axis Bank Catholic Syrian Bank City Union Bank Development Credit Bank
Dhanlaxmi Bank Federal Bank HDFC Bank ICICI Bank IndusInd Bank
Private sector banks

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 Limited Yes Bank
Buldhana Urban Cosmos Bank Saraswat Bank Shamrao Vithal Co-op. Bank

Cooperative banks

Pune Peoples Cooperative Bank Anyonya Co-operative Bank


Mahila SEWA Cooperative Bank Mahesh Co-operative Bank
ABN AMRO Abu Dhabi Commercial Bank Antwerp Diamond Bank
Australia and New Zealand Banking Group Bank Internasional Indonesia Bank of America

Foreign banks

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
Andhra Pragathi Grameena Bank Kerala Gramin Bank Bangiya Gramin Vikash Bank
Gramin Bank of Aryavart North Malabar Gramin Bank Pandyan Grama Bank

Regional Rural Banks

Paschim Banga Gramin Bank Sarva UP Gramin Bank South Malabar Gramin Bank
Uttar Bihar Gramin Bank Vananchal Gramin Bank
List of regional rural banks in Uttar Pradesh

Interbank networks

BANCS Cashnet CashTree Cirrus IMPS MITR NFS PLUS RuPay


Alliance Bank of Simla Arbuthnot & Co Arnad 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 Bank

Defunct banks

Global Trust Bank Grindlays Bank Hindustan Commercial Bank Illanji Bank (est. 1904)
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
Banking Codes and Standards Board of India ATM usage fees in India
De-Materialisation (DEMAT) Foreign Exchange (FOREX)

Related topics

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

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

Banks established in 2013

Bharatiya Mahila Bank - Wikipedia, the free encyclopedia

Government-owned banks of India

Women's organisations in India

2013 establishments in India

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