BMB

BHARTIYA MAHILA BANK

INTRODUCTION

Bhartiya Mahila Bank(BMB) is an Indian

financial services banking company based
in New Delhi, India.
CMD- Usha Ananthasubramanian

Inaugurated by former Indian Prime

Minister Manmohan Singh.

25 Branches across the country.

India is the third country to have a bank

specially for women.

OBJECTIVE

Special attention is given to economically neglected, deprived,

discriminated, under banked, unbanked, rural and urban women to
ensure inclusive and sustainable growth.
They have designed and developed new products and services to
suit the needs of women of all segments including Self Help
Groups, women entrepreneurs, salaried women, HNIs and
Corporates.
The Bank also conducts programs on financial literacy, skill
development, training for women of all segments of the society so
that women in turn generate more income, more jobs and growth
opportunities and contribute significantly for the economic growth
of the nation.

SALIENT FEATURES OF BANK

First 25 branches of Bhartiya Mahila Bank to be in state capitals

Finance Ministry has sought RBIs forbearance on rural norms.

Bank will offer 4.5% interest on saving deposits.

It will not insist on collateral since most title deeds are in name of
male family members.

It will lend to micro businesses like catering, crches & for

upgrading kitchens in households.

The bank aims to have Rs. 60,000 crore business and 775
branches by 2020.

It will provide loans primarily to women, and will give low-cost

education loans for girls.

Key positions, including treasury head and security head, held by

women.

All-women board includes Usha Ananthasubramanian,

(chairperson), Chavi Rajawat, Kalpana Saroj, Nupur Mitra, Priya
Kumar, Renuka Ramnath & Tanya Dubash.

BANKING FOR WOMEN

For women, per capita credit
is 80 per cent lower than
males.
More women clients is
associated with lower portfolioat-risk, lower write-offs, and
lower credit-loss
provisions, ceteris paribus.

EXPANSION PLANS

The objective of BMB is to be a

profit making, commercial
organization and the expectation is
that its operations will become
profitable from the 4th year.

The bank has a 7 year ramp up

plan; the CMD was quoted as
saying by the Mint newspaper.

RESTRICTED TO WOMEN?

The bank will focus on lending predominantly to women and

companies that focus on womens activities/products but there will
be no restriction on deposits by men.

The current target of the bank is to have a 60:40 ratio where 40%
of funds can be loaned out to men as well.

CAPITAL BASE

The bank has a capital base of

Rs 1,000 crores that was approved in
the first supplementary by the finance
ministry to kick start business.

BEYOND BUISNESS

They focuses to engage women in economic activities and

contribute to the economic growth of the country.

The flagship programs for rural employment.

Universalizing education and health-care.

In addition, schemes has been started like: Janani Suraksha Yojna

and the sabla scheme.

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