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.

Meaning of underwriting

Term of the Day  Underwriting The underwriter (normally known as investment banker ) brings a new security issue to the investors in an offering. In this case, the underwriter guarantees a certain price for a certain number of securities to the party that is issuing the security (in exchange for a fee). Thus, the issuer feels secured that they will raise a certain minimum from the issue, while the underwriter bears the risk of the issue. Thus it is the process of insuring someone or something. The process by which a lender decides whether a potential creditor is creditworthy and should receive a loan.