BMB Full Form
What is the full form of BMB?
The BMB Full form is Bharatiya Mahila Bank. Bhartiya Mahila Bank is a public-sector banking company founded in 2013. Bharatiya Mahila Bank (BMB) has defined the path to women's economic empowerment, starting with the concept of women's economic empowerment. The bank is creating a platform for female entrepreneurs to obtain business loans. These business loans are for most business purposes, such as meeting working capital needs or expanding a business. Bharatiya Mahila Bank provides manufacturing loans of up to Rs. 20 crores.
Headquarters of the BMB
BMB headquarters The government chose the historic Air India building at Nariman Point in Mumbai to open the bank's first branch, despite the bank's headquarters being located in Delhi.
Former Prime Minister Manmohan Singh and UPA President Sonia Gandhi also attended the opening ceremony in Mumbai. Former Finance Minister P. Chidambaram also attended the event. The ceremony was held on the eve of former Prime Minister Indira Gandhi's birthday.
Objectives of BMB
Skill development of women
economic empowerment of women in remote villages.
financial inclusion of women
Provide equal and easy access to financial services.
Functions of BMB
BMB is a universal bank that provides all services already provided by public or private banks. It also addresses gender issues and manufactures and sells products for women.
While every bank is required to accomplish these things under its charter, the reality is that they do not because they have other priorities and aims. BMB will address these concerns, which have been overlooked for years because women are the bank's priority.
The bank, operated by women and lending primarily to women, allowed deposits from everyone. It has a pan-India presence with 100 branches to promote sustainable and inclusive growth, focusing on poor, economically neglected, under-banked, discriminated against, and unbanked rural and urban women.
BMB Smart-Banking offers additional services, such as the ability to open and access recurring and fixed deposits online and the interest rate reductions Bharatiya Mahila Bank offers. The BMB mobile banking app is available on both Google Play and the Apple Store.
Frequently Asked Questions (FAQs)
The full form of BMB is Bharatiya Mahila Bank.
Bharatiya Mahila Bank (BMB) has defined the path to women's economic empowerment, starting with the concept of women's economic empowerment.
BMB headquarters The government chose the historic Air India building at Nariman Point in Mumbai to open the bank's first branch, despite the bank's headquarters being located in Delhi.
Bhartiya Mahila Bank is a public-sector banking company founded in 2013.
BMB is a universal bank that provides all services already provided by public or private banks. It also addresses gender issues and manufactures and sells products for women.