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India’s First Women’s Bank

 Reserve Bank of India had two women deputy governors on board, Usha Thorat and Shyamala Gopinath. ICICI Bank, India's second largest bank after State Bank of India, is headed by a woman, Chanda Kochhar.

India’s first women’s bank, the Bharatiya Mahila Bank was inaugurated in November last year in Mumbai inside the iconic Air India building at Nariman Point. BMB, headed by Usha Ananthasubramanian, will place emphasis on funding for skill development to help in economic activity for women. Moreover, the products will be designed in a manner to give a concession on loan rates to women.

The bank also aims to inspire people with entrepreneurial skills and, in conjunction with NGOs, plans to locally mobilize women and train them in vocations like toy-making, driving tractors or mobile repairs. One of the other objectives of the bank is to promote asset ownership amongst women customers. The Indian banking sector is thus witnessing significant changes. All we can be is hopeful that these significant changes in the banking sector trickle down to every level and improve the condition of women in the society