Bharatiya Mahila Bank Limited, the first women’s bank and a wholly-owned government institution, proposes to open 55 more branches in Tier 4, Tier-5 and Tier-6 cities in 2014-15.
Chairman and Managing Director Usha Ananthasubramanian, who was here to inaugurate the bank’s 14th branch on Tuesday, described the bank as a channel for women’s education, employment and empowerment.
The bank will open its 15th branch in Jaipur on Wednesday. It is expected to be present in all States by month-end.
The CMD said that keeping working women in mind and to help them continue their jobs, the bank had designed a special loan product to set up day care centres
In Goa, the CMD said, the bank would take advantage of the existence of Common Civil Code by virtue of which women got equal ownership of immovable and other property along with their spouses.
In other parts of the country, bankers faced this problem while financing as women did not have ownership of houses, immovable properties, she lamented.
