BANKING AFFAIRS

Detailed explanation-1: -Private sector lender RBL Bank has inaugurated its all women branch in Chennai. The branch set up at the R A Puram area of the city would be managed by eight women and offer all products and services across liability and assets, said the bank in its official statement.

Detailed explanation-2: -HDFC Bank inaugurated an all-women branch in Kozhikode, north Kerala. Mayor of the city Corporation Beena Philip opened the branch of HDFC Bank. As of March 31, 2022, women made up 21.7% (21, 486) of the workforce, according to the bank. By 2025, the private lender wants to raise it to 25%.

Detailed explanation-3: -Bharatiya Mahila Bank (BMB; lit. ‘Indian Women’s Bank’) was a fully owned subsidiary of State Bank of India based in Mumbai, India. Former Indian Prime Minister Manmohan Singh inaugurated the system on 19 November 2013 on the occasion of the 96th birth anniversary of former Indian Prime Minister Indira Gandhi.

Detailed explanation-4: -The first branch of Bharatiya Mahila Bank (BMB), India’s newest public sector bank, was inaugurated on November 19, 2013 by Prime Minister Manmohan Singh.

Detailed explanation-5: -RBL Bank, formerly known as Ratnakar Bank, is an Indian private sector bank headquartered in Mumbai and founded in 1943.