Bharatiya Mahila Bank Ltd bagged the Core Banking System Initiative Award for the year 2014 at the Asian Banking and Finance - Retail Banking Awards 2014. The award ceremony was held in Singapore on 31 July 2014.
Usha Ananthasubramanian, Chairman & Managing Director, Bharatiya Mahila Bank received the award.
It got the award as it launched its operations with Core Banking Solutions and ATMs (Automated Teller Machines) from first day of it operation and it was achieved with in a period less than 2 months from the grant of license by RBI to the launch date on 19 November 2013.
About Bharathiya Mahila Bank
Bharatiya Mahila Bank Ltd is the first of its kind in the Banking Industry in India formed with a vision of economic empowerment for women.
It was incorporated under the Companies Act 1956 on 5 August 2013 and it received the certificate of commencement of Business on 22 August 2013. RBI granted the Banking License to the bank on 25 September 2013. It was formally inaugurated on 19 November 2013.
The Bank’s Corporate Office is at the IFCI Towers, Nehru Place, New Delhi.
The Bank, at present has 23 branches across the country and aims to add 55 - 60 branches in the current financial year.
If you have any Question/Point on the above information, please ask/discuss it in the Current Affairs Group
When: 31 July 2014
DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.