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All woman bank's first branch in Lucknow

Published: 19th November 2013 11:14 AM  |   Last Updated: 19th November 2013 11:14 AM   |  A+A-

Reuters

A bank employee checks a 500 rupee note at a counter of Yes Bank's microfinance division in Mumbai. (Reuters)

By IANS

A branch of India's first all woman bank -- Bharatiya Mahila Bank -- will open here Tuesday, officials said.

The branch is part of the seven branches across the country that will be inaugurated by Prime Minister Manmohan Singh and Congress president Sonia Gandhi via video conferencing from Mumbai.

The Lucknow branch, at a complex in front of the Civil hospital, will have an all woman staff of 10, officials said.

An ATM will also be opened Tuesday.

Union Finance Minister P. Chidambaram in his budget speech earlier this year had announced the formation of the Bharatiya Mahila Bank with an initial capital of Rs.1,000 crore.

The government has targeted setting up of 25 such branches across the country by March 31, 2014. The first branches are opening on the birth anniversary of late prime minister Indira Gandhi.



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