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BMBBHARTIYA MAHILA BANK

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INTRODUCTIONBhartiya Mahila Bank(BMB) is an Indianfinancial services banking company basedin New Delhi, India.CMD- Usha Ananthasubramanian

Inaugurated by former Indian PrimeMinister Manmohan Singh.

25 Branches across the country.

India is the third country to have a bankspecially for women.

http://www.business-standard.com/search?type=news&q=Usha+Ananthasubramanianhttp://www.business-standard.com/search?type=news&q=Usha+Ananthasubramanianhttp://www.business-standard.com/search?type=news&q=Usha+Ananthasubramanianhttp://www.business-standard.com/search?type=news&q=Usha+Ananthasubramanian

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OBJECTIVESpecial attention is given to economically neglected, deprived,discriminated, under banked, unbanked, rural and urban women toensure inclusive and sustainable growth.They have designed and developed new products and services to

suit the needs of women of all segments including Self HelpGroups, women entrepreneurs, salaried women, HNIs andCorporates.The Bank also conducts programs on financial literacy, skilldevelopment, training for women of all segments of the society sothat women in turn generate more income, more jobs and growthopportunities and contribute significantly for the economic growthof the nation.

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SALIENT FEATURES OF BANKFirst 25 branches of Bhartiya Mahila Bank to be in state capitalsFinance 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 ofmale family members.

It will lend to micro businesses like catering, crches & forupgrading kitchens in households.

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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 bywomen.

All-women board includes Usha Ananthasubramanian,(chairperson), Chavi Rajawat, Kalpana Saroj, Nupur Mitra, PriyaKumar, Renuka Ramnath & Tanya Dubash.

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BANKING FOR WOMEN

For women, per capita creditis 80 per cent lower thanmales.

More women clients isassociated with lower portfolio-at-risk, lower write-offs, andlower credit-lossprovisions, ceteris paribus .

http://en.wikipedia.org/wiki/Ceteris_paribushttp://en.wikipedia.org/wiki/Ceteris_paribus

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EXPANSION PLANSThe objective of BMB is to be a

profit making, commercialorganization and the expectation isthat its operations will become

profitable from the 4th year.

The bank has a 7 year ramp upplan; the CMD was quoted assaying by the Mint newspaper.

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RESTRICTED TO WOMEN?The bank will focus on lending predominantly to women andcompanies 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.

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CAPITAL BASEThe bank has a capital base ofRs 1,000 crores that was approved inthe first supplementary by the financeministry to kick start business.

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BEYOND BUISNESSThey focuses to engage women in economic activities andcontribute 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 Yojnaand the sabla scheme.

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