Good response to all-women bank proposal: FM
Quotes

Good response to all-women bank proposal: FM

Last Updated: Saturday, March 16, 2013, 18:58
 
 Comment 0
 
Good response to all-women bank proposal: FM
Sivaganga: Union Finance Minister P Chidambaram on Saturday said his budget proposal on setting up the country's first all-women bank has received good all-round response.

"Though the Reserve Bank Norm says that initial capital of Rs 500 crore is enough to start a bank, the all-women bank would be set up with an initial capital of Rs 1,000 crore," he said inaugurating Canara Bank's 3,647th branch at Siravayal in his native district of Sivaganga.

He said his budget announcement on the all-women public sector bank had been welcomed by all sections of the people and the bank would become operational with six branches.

In the budget presented last month, Chidambaram had said the government proposed setting up a bank which will predominately employ and lend to women. Men can, however, deposit in the bank.

Speaking at the function, Chidambaram said he was taking all criticism against him as 'boosters' to enhance the performance of the government.

He urged those who had taken loans from banks to repay them so that the banking system would get strengthened and more people could be helped.

Chairman of Canara Bank R.K.Dubey and Executive Director Ashok Gupta were also present at the meeting.

Later, Chidambaram, elected to Lok Sabha from Sivaganga constituency, held a consultative meeting with the Congress functionaries from various towns in the district.

The Minister, earlier, inaugurated community halls, constructed under the MP Local Area Development fund, at Sundaranadappu and Kovil Ilayanthangudi.

PTI



First Published: Saturday, March 16, 2013, 18:54


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved