Banks

Mahila Bank to open three new branches in North East

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Bharatiya Mahila Bank (BMB), the first all-woman bank, will open three more branches in the north-eastern region this week, official sources said.

These branches will be coming up in Tripura’s capital city here, Shillong in Meghalaya and Itanagar in Arunachal Pradesh, RBI sources said here.

The bank’s Chairman and Managing Director Usha Anantha Subramanian will inaugurate the Agartala branch tomorrow, BMB Deputy General Manager Maya M C said in a press statement.

The first BMB branch in the north-east was set up in Guwahati last November.

The bank will close the current financial year with 25 branches. It also plans to add over 55 new branches next year.

Apart from regular products, BMB is offering women exclusive loans to set up day-care centres, beauty parlours and catering units.

It has tied up with New India Assurance Company Ltd to extend general insurance products to the poor, under- privileged and working women.

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