Mahila Bank to open 3 more branches in North-east this week

Bharatiya Mahila Bank (BMB), the first all-woman bank, will open three more branches in the north-eastern region this week, official sources said today.

These branches will be coming up in Tripura's capital city here, Shillong in Meghalaya and Itanagar in Arunachal Pradesh, RBI sources said here.

The bank's Chairman and Managing Director Usha Anantha Subramanian will inaugurate the Agartala branch tomorrow, BMB Deputy General Manager Maya M C said in a press statement.

The first BMB branch in the north-east was set up in Guwahati last November.

The bank will close the current financial year with 25 branches. It also plans to add over 55 new branches next year.

Apart from regular products, BMB is offering women exclusive loans to set up day-care centres, beauty parlours and catering units.

It has tied up with New India Assurance Company Ltd to extend general insurance products to the poor, under- privileged and working women.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • This is right time for retail investors to enter the debt market

    Quite often, retail investors are ridiculed for entering the equities market in droves, signalling the first signs of a bubble on the Street.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Cost of education must be controlled

In India, we pay very little attention to the cost ...

Zehra Naqvi

What imperfections in nature teach man

Each one of us has faced a time when we ...

Dharmendra Khandal

A wondrous world under the ground

Burrows and dens are safe homes for many kinds of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture