First «female» bank opens in Mumbai
In Mumbai Indian Prime Minister Manmohan Singh opened the nation's first state-owned bank for women, Kommersant Ukraine reports.
Bank’s staff and main clients will be women. In the next few years, the bank will open branches across India, including in rural areas. The Bank is designed for financial education of women, as well as assistance in organizing their own business.
«Currently Indian women have minimal access to finance, but the situation has to change so that women might also contribute to the economic growth of the country», Manmohan Singh said.
