For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Govt seeks Parliament approval for Rs 1-k cr for Mahila Bank

By Religare
|

The government has proposed to seek the approval of Parliament for allocation of Rs 1,000 crore for setting Bhartiya Mahila Bank Ltd, said media report.

"It is proposed to solicit the approval of the Cabinet to include the allocation of Rs 1,000 crore to the Women's Bank in the first Supplementary to be approved in the current Monsoon Session of Parliament," Minister of State for Finance, Namo Narain Meena said in a written reply to the Rajya Sabha.

 

The move to set-up Bhartiya Mahila Bank is aimed at encouraging women in general and women Self-Help Groups (SHGs) in particular, with over 6 branches, one each in North, South, West, Central and North Eastern part of the country, said the media report.

He further added that the initial capital of Rs 1,000 crore for the bank has been so decided that the bank is not capital constrained for expansion of normal business.

Dion Global Solutions Ltd.

Read more about: bank bhartiya mahila bank ltd
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more