Bharatiya Mahila Bank Recruitment 2014
Jobs IN Bharatiya Mahila Bank
BHARATIYA MAHILA BANK LTD, the first women’s public sector bank in India has become operational from 19th November, 2013 and is presently having -23- branches The Bank has ambitious plan for operations on a PAN India level with the key objective of focusing on the banking needs of women and promoting their economic empowerment.
BHARATIYA MAHILA BANK LTD. is positioning itself to achieve “top of mind recall” for all women by providing “best-in-class” services to woman belonging to the corporate/ HNI or the rural poor category. Towards this end, the Bank has adopted an ideal mix of technology and low cost delivery models to reach out to a wider group while bringing in efficiencies. The Bank is committed to focus on skill development and financial literacy through training besides focusing on women with specific products and services as per target profile. While the focus of the Bank would be to cater to the needs of women it would not exclude any other segment/ individuals from its purview.
BHARATIYA MAHILA BANK LTD. is in the process of resourcing intelligent and passionate workforce committed to assisting the organization in formulation, adoption and defining of business strategies and goals from time to time as also delivering business goals.
At BHARATIYA MAHILA BANK LTD., we want you to realize your potential and fulfill your aspirations as a professional Banker. We shall provide you the right environment, recognition and good career opportunities.
Jobs IN Bharatiya Mahila Bank
BHARATIYA MAHILA BANK LTD, the first women’s public sector bank in India has become operational from 19th November, 2013 and is presently having -23- branches The Bank has ambitious plan for operations on a PAN India level with the key objective of focusing on the banking needs of women and promoting their economic empowerment.
BHARATIYA MAHILA BANK LTD. is positioning itself to achieve “top of mind recall” for all women by providing “best-in-class” services to woman belonging to the corporate/ HNI or the rural poor category. Towards this end, the Bank has adopted an ideal mix of technology and low cost delivery models to reach out to a wider group while bringing in efficiencies. The Bank is committed to focus on skill development and financial literacy through training besides focusing on women with specific products and services as per target profile. While the focus of the Bank would be to cater to the needs of women it would not exclude any other segment/ individuals from its purview.
BHARATIYA MAHILA BANK LTD. is in the process of resourcing intelligent and passionate workforce committed to assisting the organization in formulation, adoption and defining of business strategies and goals from time to time as also delivering business goals.
At BHARATIYA MAHILA BANK LTD., we want you to realize your potential and fulfill your aspirations as a professional Banker. We shall provide you the right environment, recognition and good career opportunities.
Probationary Officers Jobs in Bharatiya Mahila Bank
India's first women's bank, Bharatiya Mahila Bank was inaugurated in Mumbai by Prime Minister Dr. Manmohan Singh on the birth anniversary of Shrimati Indira Gandhi. One of the key objectives of the bank is to focus on the banking needs of women and promote economic empowerment. It is being looked upon as the beginning of a unique new institution that will provide financial services predominantly to women and women self-help groups to the small businesswomen and from the working woman to the high networth individual.
bmb Recruitment 2014
Even though the bank is making its debut in metros and urban centre, it will enter rural areas before March 2014 and will focus on centres where working women population is significant.
In Budget 2013-14, the Finance Minister had announced setting up of all-women bank with an initial capital of Rs 1,000 crore.
Only 26 percent of women in India admit to having a bank account. Since fewer women than men have bank accounts, fewer women are able to get loans. Per capita credit in the case of women is 80 percent lower than in the case of men. Hence the need for a bank that predominantly serves women.
Bank credit is expected to grow at a compounded annual growth rate of 16.5 percent during the twenty year period from 2010 to 2030. That will mean a twenty-fold increase from the level of credit in 2010. The deposit base is expected to grow at a compounded annual growth rate of 14.6 percent that is 14 times the level of deposits in 2010.
Assuming that the share of credit for women remains the same – which should not be the case and the share must increase – even at that level total credit to women will grow to Rs.25 lakh crore. There is, therefore, an opportunity to reach more credit to more women, stated the Finance Minister during the inauguration of the bank.
While the objective of the bank is financial inclusion, it would initially set up branches in all state capitals across the country to have a hub. It is a recognition of the fact that viable banking needs presence in areas of economic growth.
Although, over 70% of banking business in India is controlled by public sector banks, all
these banks were nationalized. The government has promoted only financial institutions such as IDFC and IIFL.
In the past, it had promoted development financial institution IDBI, which converted into a bank.
India's first women's bank, Bharatiya Mahila Bank was inaugurated in Mumbai by Prime Minister Dr. Manmohan Singh on the birth anniversary of Shrimati Indira Gandhi. One of the key objectives of the bank is to focus on the banking needs of women and promote economic empowerment. It is being looked upon as the beginning of a unique new institution that will provide financial services predominantly to women and women self-help groups to the small businesswomen and from the working woman to the high networth individual.
bmb Recruitment 2014
Even though the bank is making its debut in metros and urban centre, it will enter rural areas before March 2014 and will focus on centres where working women population is significant.
In Budget 2013-14, the Finance Minister had announced setting up of all-women bank with an initial capital of Rs 1,000 crore.
Only 26 percent of women in India admit to having a bank account. Since fewer women than men have bank accounts, fewer women are able to get loans. Per capita credit in the case of women is 80 percent lower than in the case of men. Hence the need for a bank that predominantly serves women.
Bank credit is expected to grow at a compounded annual growth rate of 16.5 percent during the twenty year period from 2010 to 2030. That will mean a twenty-fold increase from the level of credit in 2010. The deposit base is expected to grow at a compounded annual growth rate of 14.6 percent that is 14 times the level of deposits in 2010.
Assuming that the share of credit for women remains the same – which should not be the case and the share must increase – even at that level total credit to women will grow to Rs.25 lakh crore. There is, therefore, an opportunity to reach more credit to more women, stated the Finance Minister during the inauguration of the bank.
While the objective of the bank is financial inclusion, it would initially set up branches in all state capitals across the country to have a hub. It is a recognition of the fact that viable banking needs presence in areas of economic growth.
Although, over 70% of banking business in India is controlled by public sector banks, all
these banks were nationalized. The government has promoted only financial institutions such as IDFC and IIFL.
In the past, it had promoted development financial institution IDBI, which converted into a bank.
Recruitment of Probationary Officers in Bharatiya Mahila
Bank - Bharatiya Mahila Bank, invites ONLINE APPLICATIONS
Age : Minimum: 20 Years Maximum: 30 Years as on
01.09.2013
SCALE OF PAY :- Rs. 14500 – 25700.
Candidates willing to serve anywhere in India only should
apply for the positions advertised.
Candidates are advised to read this advermtisement carefully
and ensure their eligibility before submitting online application through the
following .
Ananthasubramanian. Most of the senior executive of the bank have been hired on deputation from other public
sector banks. Some salient feature of the bank are:mmmm
First 25 branches of Bhartiya Mahila Bank to be in state capitals Finance Ministry has sought RBI’s
forbearance on rural norms.
Ananthasubramanian. Most of the senior executive of the bank have been hired on deputation from other public
sector banks. Some salient feature of the bank are:mmmm
First 25 branches of Bhartiya Mahila Bank to be in state capitals Finance Ministry has sought RBI’s
forbearance on rural norms.
- Bank will offer 4.5% interest on saving deposits.
- It will not insist on collateral since most title deeds are in name of male family members.
- It will lend to micro businesses like catering, crèches & for upgrading kitchens in households.
- The bank aims to have Rs. 60,000 crore business and 775 branches by 2020.
- It will provide loans primarily to women, and will give low-cost education loans for girls.
- Key positions, including treasury head and security head, held by women.
- All-women board includes Usha Ananthasubramanian, (chairperson), Chavi Rajawat, Kalpana Saroj,
- Nupur Mitra, Priya Kumar, Renuka Ramnath & Tanya Dubash.
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