Hints to Remember
has decided to merge the Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI)
to ensure greater banking services outreach to a larger number of women, at a faster pace
published on 20th
Union Government has recently decided to merge the Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI) to ensure greater banking services outreach to a larger number of women, at a faster pace.
The objectives of affordable credit to women as well as propagation of women-centric products need to be quickly achieved through a wider network and lower cost of funds.
About Bharatiya Mahila Bank (BMB):
Bharatiya Mahila Bank (BMB)
is an Indian financial services banking company headquartered in Mumbai, India. Former Indian Prime Minister Manmohan Singh inaugurated the system on 19th
November 2013 on the occasion of the 96th birth anniversary of former Indian Prime Minister Indira Gandhi. Although initially reported as a bank exclusively for women, the bank allows deposits to flow from everyone, but lending will be predominantly for women. India is the third country in the world to have a bank especially for women, after Pakistan and Tanzania.
For the complete information kindly visit given link: