Uttaranchal Gramin Bank opens branches for women

Posted on: July 15th, 2008

Shishir Prashant, New Delhi/ Dehradun, 15 July 2008

Uttaranchal Gramin Bank is to open three branches exclusively for women in the hill state of Uttarakhand. The first such branch, managed only by women, has already started functioning at Dehradun’s Indira Nagar locality.

Only women are allowed to open their accounts in the branch. This is the 121st branch of the bank. Three more such branches are proposed in Pauri and Pithoragarh districts.

With help from NABARD, a special women centre has also been opened at the head office of the bank here. The main thrust of the women branch would be to attract Self-Help Groups (SHGs) and Non-Government Organisations (NGOs), which are mostly represented by women.

“By opening women branches, we want to salute the women of the hill state who are known as ‘matrishakti’ (mothers’ power) in Uttarakhand,” said Chairman of the Uttaranchal Gramin Bank Threesh Kapoor.

Uttaranchal Gramin Bank was formed following the merger of Alaknanda Bank, Ganga-Yamuna Bank and Pithoragarh bank in 2006. The bank earned a profit of Rs 8.83 crore before tax this year. It has registered a jump of 233 per cent as compared to the last year.

The phenomenal rise in the profit is mainly due to the merger of three banks. The bank has also set up an art gallery at its head office here to promote local artists from the state.

News Source: http://www.business-standard.com

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