To make all-women bank a reality by October, the Finance Ministry has approached the Reserve Bank for clearance to set up the country’s first such bank.

“The committee set up to prepare the blueprint for all-women bank has submitted its report to the Finance Minister. We have sought in-principle approval from RBI for all women bank,” Financial Services Secretary Rajiv Takru told PTI.

The first all-women bank wholly-owned by government is expected to start operations from November 2013 through six branches spread across the length and breadth of the country…article