Women oriented bank of the country – Bhartiya Mahila Bank established in November 2013, is planning to expand its network by next fiscal year. The bank has plans to increase its banking branches by 150 till next year.
In a time period of approximately 1 year bank has succeeded to successfully establish 40 branches all over the country. Till now bank has disbursed Rs 350 crore. Bank is furthering planning to increase its business from Rs 800 crore to 1,000 crore.
The bank is open for both men and women but it primarily focuses on women and their banking needs. All the branches of the bank are on core banking solution and have onsite ATMs. The bank will set up the new branches in rural areas as well. Bank offers all the facilities including the internet banking facility, the customers can open fixed deposits, recurring deposits, tax savings product online.