The Government has established Bharatiya Mahila Bank Limited. The Bank was inaugurated on 19th November, 2013 and is functional at present with its 9 branches at Mumbai (Maharashtra), Kolkata (West Bengal), Chennai (Tamil Nadu), Bengaluru (Karnataka), Lucknow (Uttar Pradesh), Ahmedabad (Gujarat), Guwahati (Assam), New Delhi and Indore (Madhya Pradesh). There is no proposal to set up more such banks in the country.

This was stated by Minister of State for Finance, Shri Namo Narain Meena, in written reply to a question in the Lok Sabha today.

Establishment of Bharatiya Mahila Bank confirms operation with nine branches and no plan for further similar banks. Established Bharatiya Mahila Bank Limited under government initiative; inaugurated in November 2013 and currently operational with branches in Mumbai, Kolkata, Chennai, Bengaluru, Lucknow, Ahmedabad, Guwahati, New Delhi and Indore, and with no proposal to set up further such banks.