The finance ministry has identified Usha Ananthasubramanian (seen cutting the ribbon), executive director of Punjab National Bank, to be the chief executive of Bhartiya Mahila Bank, which will launch its operations from November with six branches.
Ananthasubramanian is leading the core management team (comprising employees from various public-sector banks) set up to put in place by October 31 the systems and processes necessary to start the bank's operations.
The government will formally announce the name of the CEO after the Reserve Bank of India has issued the licence.
Text: Manojit Saha
Image Courtesy: Punjab National Bank