Prime Minister Manmohan Singh and the Congress president Sonia Gandhi on Tuesday Nov 19,2013 launched the nation's first all-women Bharatiya Mahila Bank (BMB) in Mumbai through a video-conference.
The ceremony coincided with the 96th birth anniversary of former Prime Minister Indira Gandhi.(DOB Nov 19,1917)
Finance Minister P Chidambaram was also present during the event.
The Election Commission allowed the launch of the bank but had asked the government not to open its branches or do its publicity in poll-bound states.
The Govt had wanted to launch the bank in Delhi but changed its plan in view of the model code of conduct in force in the capital ahead of the December 4,2013 assembly elections.
Once inaugurated, seven branches of the bank would become operational across the country, including in Kolkata, Chennai, Ahmedabad and Guwahati. The Delhi and Indore branches will be opened after the Assembly polls in the states are over.
Headquartered in Delhi, the bank proposes to have 25 branches by March 31, 2014.
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