Meet the first chief of India's all-women bank

Even as the country’s first all women bank - Bharatiya Mahila Bank - will launch on November 19, the birth anniversary of former Prime Minister Indira Gandhi, the government has appointed Usha Ananthasubramanian as the first Chairman and Managing Director of the all-woman bank, th e Hindu Business Line reported.

[caption id=“attachment_1224997” align=“alignleft” width=“300”]  Usha Ananthasubramanian[/caption]

Usha Ananthasubramanian is currently an executive director at Punjab National Bank and hasover three decades of banking experience.

She is leading the core management team (comprising employees from various public-sector banks) set up to put in place by October 31 the systems and processes necessary to start the bank’s operations.

More from Business

Hyundai India’s Rs 27,870 crore IPO oversubscribed by 2.28X, largely driven by institutional investors How Indian fintech startups are driving Malaysia’s UPI-like digital payments revolution

The government will formally announce the name of the CEO after the Reserve Bank of India has issued the licence.

Ananthasubramanian began her career in 1982 at Bank of Baroda as a specialist officer in the planning stream.She moved to Punjab National Bank in July 2011.

She holds a dual master’s degree - in statistics from the Madras University and in ancient Indian culture from the Mumbai University.