Bhartiya Mahila Bank

Bhartiya Mahila Bank (Women Bank) will function from 1st Nov 2013

Update: 17.09.2013 : Bhartiya Mahila Bank to fill up 115 vacancies of PO

After the news that Government is to start Bhartiya Mahila bank to serve the women account holders especially in rural areas, now advertisement released in Dainik jagran News paper on 17.09.2013 states that Bhartiya Mahila Bank is to fill up 115 vacancies of Bank PO / Probationary officer.

Selection of the eligible candidates will be based on the PO / MT – II conducted by IBPS . The Bank invites application only from the candidates who are yet to be appointed for the posts of Probationary officer and hold all the eligibility criteria for Bank PO officer.

Posts Name : JMG / S1 Probationary officer or Pariviksha Dhin Adhikari
Total No of Posts ; 115
Age Limit: minimum 20 year and maximum 30 year as on 1 September 2013
Education Qualification : Graduation from any recognize university
How to Apply : Visit website of Advisory of Bhartiya Mahila Bank
Online registration will start in this website from 19th September 2013
Online Registration has to be completed on or before 30th September 2013

Bhartiya Mahila bank to fill up 115 PO posts

Bhartiya Mahila Bank will start functioning from 1st Nov 2013 with 6 branches.  Initially the Bank will induct officials from other PSUs.  The bill expected to be inducted immediately after food security bill.  The Govt feels that this would improve vote banking of women for the Congress along with food security bill.

“It has been decided that the bank will be called the Bhartiya Mahila Bank as it will have connect with rural India, which was the main idea behind setting up a women’s bank,” said the official, who did not want to be named.

In his Budget speech Mr. P. Chidambaram, FM announced that Rs.1000 crores would be allotted as capital for the Bank.  The Ministry report says that they are in discussion with Planning Commission for the allotment in this financial year 2013-14.  The Bank may have 500 branches at the end of 4th year of operation and will have at least on branch in North, South, East and West region now.

As per the Official,  Bhartiya Mahila Bank will not offer any concessional rates to women, though. “It is a commercial bank, which will follow the guidelines stipulated by the Reserve Bank of India,”.

The aim of the Bank is to take the Banking services to the villages at their doorstep and to help women self help organisations across the country.  The bank may also deal with insurance and pension handling services.

The government had set up a five-member panel, headed by former Canara Bank chairman MBN Rao, to prepare a blueprint for the all-women bank.

Reports says that in US there was 9 such banks could not able to function since the profit had declined.  In 1989 Pakistan had also a women bank.

We should wait and watch whether this Mahila Bank will commercially win.

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