Mahila Banks ramping up technology & security
Banking Frontiers|March 2022
These women banks motivate as well as train their customers to use modern technology:
Mehul
Mahila Banks ramping up technology & security

Chetna Vijay Sinha there is rising demand of micro enterprise loans from ₹1 lakh to ₹5 lakhs

The Mann Deshi Mahila Sahakari Bank was set up in 1997 after Kantabai, a welder who worked and lived with her family on the footpath in Mhaswad, rural Maharashtra, approached Chetna Sinha. She narrated a harrowing account of being rejected by several banks when she tried to open an account. Kantabai simply wanted a safe space to save some money so she could buy tarpaulin sheets to protect her home in the monsoons. Chetna Sinha decided to set up a bank for women like Kantabai. 1335 women pooled their savings (0.78 million) and set up the first bank for and by rural women in India. It remains a member-driven and memberowned bank.

The Udaipur Mahila Samridhi Urban Cooperative Bank, established in 1995, was founded by Kiran Maheshwari, who became its first chairman, with Kiran Jain being the first vice-chairman. The bank has made a remarkable progress during the last 27 years of dedicated services in its all products and schemes for women.

Laxmibai Mahila Nagrik Sahakari Bank, popularly known as Laxmi Bank, became the first co-operative bank in the entire central India in 1998, to be accorded the scheduled status by Reserve Bank of India. The chairperson of the bank Alka Shrivastava herself has been taking keen interest in providing affordable banking to the downtrodden women and empowering women in SHGs to be independent.

Konoklota Mahila Urban Co-operative Bank of Jorhat is taking a prominent part in upliftment of economic status of women since 1998. It is the only all women bank in Assam and one of its kind in entire North East India. Sakuntala Devi is the chairperson of the bank.

This story is from the March 2022 edition of Banking Frontiers.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the March 2022 edition of Banking Frontiers.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BANKING FRONTIERSView All
Kamdhenu & Sammrudhi loans top rural customers
Banking Frontiers

Kamdhenu & Sammrudhi loans top rural customers

Unnayan Bharat Finance Corporation (UBFC) Director & Co-Founder Avneesh Trivedi shares the company's attempts to enhance the rural lending environment & deliver better services to its consumers:

time-read
3 mins  |
September 2023
It's going to be a 'world' of CBDCs
Banking Frontiers

It's going to be a 'world' of CBDCs

Practically, every central bank in the world is testing and readying a CBDC system:

time-read
8 mins  |
September 2023
Training for behavioral & social skills is key
Banking Frontiers

Training for behavioral & social skills is key

3 CHROs from the top BFSI companies in India open up about their training and motivation programs aimed at enhancing employee effectiveness. The story is divided into 4 parts: (i) functional and behavioral training, (ii) manager to leadership training, (iii) learning-based training, (iv) motivational programs:

time-read
9 mins  |
September 2023
THE AI COMPASS
Banking Frontiers

THE AI COMPASS

Artificial Intelligence has risen to be the hottest topic of discussion today. It is expected to impact everyone, and the impact could exceed that of war, global warming, supply chain disruptions, geopolitics, and much more.

time-read
10+ mins  |
September 2023
To mentor & coach emerging leaders
Banking Frontiers

To mentor & coach emerging leaders

Manish Shah, MD & CEO of Godrej Capital, outlines his focus areas today and in the future:

time-read
3 mins  |
September 2023
Innovation will unlock India's Mission 'Atmanirbhar’
Banking Frontiers

Innovation will unlock India's Mission 'Atmanirbhar’

Sunita Handa is Chairman, Toyota FSIN and Principal Advisor & TLAB Chairman, Protectt.ai Labs. She shares her current activities and her deep insights on innovaiton in an interaction with Manoj Agrawal:

time-read
6 mins  |
September 2023
Algorithm is the Boss
Banking Frontiers

Algorithm is the Boss

Irem Sayeed, Chief Credit Officer at U GRO Capital, dwells into business focus and modernization at the lender:

time-read
6 mins  |
September 2023
Fintech and Neobank under the same Umbrella
Banking Frontiers

Fintech and Neobank under the same Umbrella

It was started in 1902 to build what came to be called Israel:

time-read
3 mins  |
September 2023
Bajaj Allianz Revolutionizes Employee's HR and IT Experience with WhatsApp, MS Teams, Al and Automation
Banking Frontiers

Bajaj Allianz Revolutionizes Employee's HR and IT Experience with WhatsApp, MS Teams, Al and Automation

A productivity booster shot at BALIC:

time-read
2 mins  |
September 2023
Small Beginning for a Big Opportunity
Banking Frontiers

Small Beginning for a Big Opportunity

AMU Leasing's focus on serving the underserved market of individuals and fleets looking for financing for electric 3-wheelers and 2-wheelers:

time-read
3 mins  |
September 2023