India is set to get its first all-women bank by this year.
Fiance minister P Chidambaram proposed to set-up India’s first all women bank with initial capital of Rs. 1,000 crore in his budget speech for 2013-14.
The proposed bank is likely to be set by October 2013.
“I…propose to set up India’s first women bank as the public sector. I shall provide Rs. 1,000 crore as initial capital. I hope to obtain the necessary approval and banking licence by October, 2013,” finance minister said.
Tags: all-women bank budget budget 2013-14 Chidambaram india