Consider the following statements about Bharitiya Mahila Bank:begin{enumerate}item The Proposed Bank will be headquartered in Mumbai.item It will start 6 branches in Mumbai, Delhi, Kolkata, Chennai, Indore and Guwahati.end{enumerate} Select the correct answer using codes given below:

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Consider the following statements about Bharitiya Mahila Bank:

A	1 only
B	2 only
C	Both 1 and 2
D	Either 1 or 2

Explanation:

Detailed explanation-1: -Incorporated under the Companies Act 1956 on 5 August 2013, the Bank received the certificate of commencement of Business on 22 August 2013 and the Banking License from RBI on 25 September 2013. The Bank’s Corporate Office is at the IFCI Towers, 9th floor, Nehru Place, New Delhi.

Detailed explanation-2: -The Bank’s initial capital consisted of Rs 1, 000 crores. The government planned to have 25 branches of the said bank by the end of March 2014 and 500 branches by 4th year of operation (2017). As on date of merger it had 103 Branches.

Detailed explanation-3: -The main goal of BMB As per Usha Ananthasubramanian (CMD), the bank also planned to empower people with business activities and, along with NGOs, intended to locally organise females to educate them in professions such as toy manufacturing or riding tractors, or phone repairs.

Detailed explanation-4: -India’s first women’s bank, Bharatiya Mahila Bank was inaugurated in Mumbai by Prime Minister Dr.

There is 1 question to complete.