All woman bank's first branch in Lucknow

Last Updated: Tue, Nov 19, 2013 04:27 hrs

Lucknow: A branch of India's first all woman bank -- Bharatiya Mahila Bank -- will open here Tuesday, officials said.

The branch is part of the seven branches across the country that will be inaugurated by Prime Minister Manmohan Singh and Congress president Sonia Gandhi via video conferencing from Mumbai.

The Lucknow branch, at a complex in front of the Civil hospital, will have an all woman staff of 10, officials said.

An ATM will also be opened Tuesday.

Union Finance Minister P. Chidambaram in his budget speech earlier this year had announced the formation of the Bharatiya Mahila Bank with an initial capital of Rs.1,000 crore.

The government has targeted setting up of 25 such branches across the country by March 31, 2014. The first branches are opening on the birth anniversary of late prime minister Indira Gandhi.

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