Bharatiya Mahila Bank inaugurated its Bastar branch, the 59th branch of the bank in India. Usha Ananthasubramanian, chairman and managing director, Bharatiya Mahila Bank said that the bank is taking all efforts to reach maximum number of women to tap their talents for contributing to the economic growth of the country.
“The bank offers women centric products like BMB Annapurna- Catering Service loan, BMB Parvarish — Child Day Care Centre loan and BMB Shringaar — Beauty Parlour loan et al,” she said. Bank’s MoUs with organisations like Bharatiya Yuva Shakti Trust (BYST) and other organisations of repute encourage women and youth to start enterprises. SME Easy loan for the small and medium enterprises and micro credits, loans to self help groups (SHGs) and joint liability groups (JlGs) are also offered by the bank. She said that the use of technology has resulted in increased efficiency and productivity.
Within 16 months, the bank has introduced over 40 products including the traditional products home loan and vehicle loan. The locker facility is unique in the sense that it can be availed by a customer from any of its branches, irrespective of the place of residence. Komal Kali is a unique recurring deposit scheme to empower the girl child and help her take up economic activity when she turns 18. BMB money box helps children develop saving habits.
Ananthasubramanian said that the bank has entered into MoUs with New India Assurance Company limited and lIC of India to provide insurance cover to its account holders under Pradhan Mantri Jan Suraksha Bima Yojana and Pradhan Mantri Jeevanjyoti Bima Yojana schemes, respectively. The bank has introduced insurance products like BMB Nirbhaya and BMB Sakhee specially designed for women.
The bank will soon launch m-Xpress, mobile banking service, to reach the unserved and the tech savvy customers, she said. BMB smart banking, the internet banking facility, has several value added features. Clear narration for all financial transactions, password changing by customers are some of the features.
Hi-speed SMS banking helps the customers avail various services like balance enquiry, mini statement et al. The branch at Bastar is the second branch in Chhattisgarh.
The bank has won The Asian Banker Achievement Award 2015 for technology implementation in the category of best outsourcing project (new bank).