Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2014-12-01

Mahila Bank to open 80 branches by March-end: CMD Usha Ananthasubramanian

Mahila Bank has set a deposit target of Rs 1,000 crore and lending target of Rs Rs 800 crore in the current fiscal.

UPA led Bharatiya Mahila Bank has successfully completed a year this November with a capital fusion of Rs 1,000 crore, according to a PTI report.

Usha Ananthasubramanian, Chairman and MD, Bharatiya Mahila Bank, told PTI, “Bharatiya Mahila Bank will emerge as a strong brand over time. The challenge has been to establish the brand. We are a new player and at every location you are a new face.”

"Since the business involved dealing with other people's money, individuals take time to warm up to a new player. Even a moneylender in a village enjoys more trust. Unless you become familiar or are introduced to the people over and over again, they will not trust you," she further told PTI.

The report states further the Mahila Bank has set a deposit target of Rs 1,000 crore and lending target of Rs Rs 800 crore in the current fiscal. Currently, the banks deposit stands at over Rs 300 crore and loans at Rs 500 crore.

As a part of the expansion plan, the bank will increase its branch network to 80 by March-end, which will comprise 20 rural branches. In addition, the bank will also introduce 50 offsite ATMs across India by the end of this year.

Related opportunities
  • Gyms and Fitness Centres
    Jymka is an Award Winning European Fitness Brand and probably..
    Locations looking for expansion Ireland
    Establishment year 2002
    Franchising Launch Date 2002
    Investment size Rs. 5 Cr. above
    Space required 2000 sq. ft – 2500 sq. ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Dublin Ireland
  • Bars, Pubs & Lounge
    About Rockville:- started nearly five years ago in the bustling Mumbai..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2016
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 800 - 2800 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Kids Entertainment Zones
    Little Kickers is UK’s biggest and most successful pre-school football..
    Locations looking for expansion Oxon
    Establishment year 2002
    Franchising Launch Date 2002
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Blewbury Oxon
  • About Bedrock EducareStarted in 2009 in Pune, Bedrock Educare was..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 2000 - 3000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities