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Thursday, January 15, 2015

Mahila Bank momentum

More than a year after it was formed the Bhartiya Manila Bank, the lender that predominantly caters to women, is looking to end this fiscal year with a total business of nearly Rs 2000 crore.
The public sector lender is also planning to ramp up its branch strength to 80 from the present number of 40.
BMB is among those few banks which offer an higher interest rate on savings bank deposits than most of the PSU lenders.
It has joined hands with Lakme Lever Pvt Ltd, a 100 percent subsidiary of Hindustan Unilever limited ( HUL) to bring easy financing options to fuel women entrepreneurship.

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