Bharatiya Mahila Bank ltd inaugurated its Tiruchi branch, the 56th branch of the bank in India. Usha Ananthasubramanian, chairman and MD, said that the bank encourages women to make optimum use of their talents and contribute to the economic growth of the country. BMB Annapurna — catering service loan, BMB Parvarish — child day care centre loan and BMB Shringaar — beauty parlour loan et al, are some of the women centric products already introduced by the bank. The bank has entered into MoUs with Bharatiya Yuva Shakti Trust and other organisations of repute to encourage women and youth to start enterprises. The bank offers SME easy loan for the small, medium enterprises and also offers micro credits, loans to self help groups and joint liability groups.
The bank has also introduced insurances like BMB Nirbhaya and BMB Sakhee specially designed for women. Komal Kali is a unique recurring deposit to empower the girl child and help her take up economic activity when she is 18. To inculcate savings habit in children, it has launched BMB money box. BMB smart banking has several value added features like opening of fixed deposits and recurring deposits online, facility to change password without visiting the branch, quick and easy transactions and clear narration.