India launches first bank exclusively for women

Tuesday, November 19, 2013

NEW DELHI (Thomson Reuters Foundation) – India launched its first public sector bank catering for women on Tuesday, an initiative aimed at economically empowering millions of women across the country who do not have access to basic financial services such as bank accounts or loans.

Inaugurating the first branch of the Bharatiya Mahila Bank in the financial city of Mumbai, Indian Prime Minister Manmohan Singh told dignitaries that despite great successes made by some women in India, many continued to face financial exclusion.

Source: Trust.org (link opens in a new window)

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banking, financial inclusion, financial innovation, Women