India launches first all-women bank

Government hopes to fight gender discrimination by establishing bank staffed mostly by women for women.

Last updated: 20 Nov 2013 11:42
Email Article
Print Article
Share article
Send Feedback

Millions of women across India work and run their own businesses, but only 26 percent of them have a bank account. It is also hard for them to get loans because property and other assets are traditionally given to men. Manmohan Singh, the prime minister, says he hopes the Bharatiya Mahila Bank, the country's first all-women bank, will help the fight against gender discrimination.

Al Jazeera's Karishma Vyas reports from Mumbai.


Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Featured on Al Jazeera
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Colleagues of detained Al Jazeera journalists press demands for their release, 100 days after their arrest in Egypt.
Mehdi Hasan discusses online freedoms and the potential of the web with Wikipedia founder Jimmy Wales.
A tight race seems likely as 814 million voters elect leaders in world's largest democracy next week.
Deadly attacks on anti-mining activists in the Philippines part of a global trend, according to new report.
Activists say 'Honor Diaries' documentary exploits gender-based violence to further an anti-Islamic agenda.
As Syria's civil war escalates along the Turkish border, many in Turkey are questioning the country's involvement.
Treatment for autism in the region has progressed, but lack of awareness and support services remains a challenge.
The past isn't far away for a people exiled from Crimea by Russia and the decades it took to get home.
join our mailing list