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Bharatiya Mahila Bank: Let this not be another UID or NREGA

Nov 20, 2013    

The concept of a ladies bank is interesting in the Indian context given that there is a lot of focus on improving the lot of women. Therefore, the inauguration of the Bharatiya Mahila Bank (BMB) is a landmark in banking history. This concept was spoken of during the budget of FY14, and was brushed aside as being populist and absurd. But the government is quite serious about this venture and has provided equity of Rs 1000 cr to begin with. This has certainly been faster to accomplish than the other new banks which have been waiting for a decision to be taken even while such an outfit sails in w...

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