Wednesday, November 20, 2013

India's first all-women bank: ‘Good experiment, but let’s wait and watch’

......I should say the Bharatiya Mahila Bank is a very good initiative. The announcement made 8-9 months ago, in the Union Budget was certainly a welcome step. The focus in in this case is that the Board would be predominantly a women's board, and it's expected that the women on the board would be able to tailor-make schemes for the women to implement them on the ground. So maybe there will be synergy between those who are designing products and those who are using those products at the grass-root level - be it deposit schemes, credit facilities, or timings and days of operations............

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