Bharatiya Mahila Bank

Bharatiya Mahila Bank is an Indian Financial Services Banking Company based in New Delhi,India

India will be the third country in the world to have bank especially for women after -Pakistan & Tanzania

India's Prime Minister Dr Manmohan Singh  inaugurated the system on November 19,2013 on the occasion of the 94th birth anniversary of former Indian Prime Minister Indira Gandhi

Dr Manmohan Singh,Sonia Gandhi and Maharashtra CM Prithiv Raj Chavan and NCP Leader Sharad Pawar at the inauguration in Mumbai

Initially reported as a bank exclusively for women, the bank will allow deposits to flow from everyone, but lending will be predominantly for women.

The Bank's initial capital consists of Rs 1,000 crores. The government plans to have 25 branches of the said bank by the end of March 2014 and 500 branches by 4th year of operation (2017).

The bank will have a board of directors consisting of 8 women