* Bank of India Plans To Open 50 All-Women Branches* The Bank of India plans to open 50 all-women branches — one in each of its 50 zones — to facilitate the empowerment of women, according to Vijayalakshmi R. Iyer, Chairperson and Managing Director of the bank. She was speaking here on Friday after inaugurating an all-women branch at Seethammadhara in the Visakhapatnam zone. “The idea, of course, behind opening such branches, is to put women at ease and encourage them to transact with the bank. These branches will function like all other branches, but with more emphasis on financing schemes beneficial to women and encouraging entrepreneurship among them. Micro finance is a very important area and self-help groups of women (SHGs) are doing well in Andhra Pradesh. These branches will focus on such areas,” she said.
Posted on: Sun, 18 Aug 2013 15:39:29 +0000