Soon, India would be one of the first countries to set up a bank not only targeted at women but also run by women. Indonesia, with a few financial institutions targeted at women, may only come as a distant second since the facilities do not qualify as a full-fledged bank…..

TM Bhasin, chairman and managing director, Indian Bank, also hailed the move. He said such a bank would help in uplift of women in general. Though the bank would primarily lend to women, Chidambaram said, deposits would be taken from male customers as well…article