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Govt to seek Parliament nod for Mahila Bank

Govt to seek Parliament nod for Mahila Bank

To set up a women's bank, Bharatiya Bhartiya Mahila Bank, the Union government will seek the Parliament's consent for allocation of Rs 1,000 crore, the government said. The Centre has finalised the proposal to start Bhartiya Mahila Bank with 6 branches, one each in North, South, West, Central and North Eastern part of the country. The government wants to set up the bank with an initial capital of Rs 1,000 crore.