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| Company type | Subsidiary of State Bank of India |
|---|---|
| Industry | Banking, Financial services |
| Founded | 19 November 2013 |
| Defunct | 1 April 2017 |
| Fate | Merged with State Bank of India |
| Headquarters | Delhi, India |
Key people | S. M. Swathi (Executive Director) |
| Products | |
| Owner | State Bank of India (100%) |
Number of employees | 500 |
Bharatiya Mahila Bank (BMB; lit. 'Indian Women's Bank') was a fully owned subsidiary of State Bank of India based in Mumbai, India. Former Indian Prime Minister Manmohan Singh inaugurated the system on 19 November 2013 on the occasion of the 96th birth anniversary of former Indian Prime Minister Indira Gandhi.[1] As part of the Modi government's banking reforms and to ensure greater banking outreach to women, the bank merged with State Bank of India on 1 April 2017.[2]
While being run by women, and lending exclusively to women, the bank allowed deposits to flow from everyone. India was the third country, after Pakistan and Tanzania, to have a bank exclusively to benefit women.[3]
- ^ "Prime Minister of India Inaugurated the system". Thehindubusinessline.com. Retrieved 20 November 2013.
- ^ "Bharatiya Mahila Bank to be merged with SBI from April 1". The Economic Times. 21 March 2017. Retrieved 18 July 2018.
- ^ "Bharatiya Mahila Bank: All you need to know about first all-women bank". Firstpost. 7 March 2013. Retrieved 20 November 2013.