<h1>India to Launch First Women's Public Sector Bank with Rs. 1000 Crore Capital; Operations Begin November 2013.</h1> The Union Finance Minister announced the establishment of India's first women's public sector bank with an initial capital of Rs. 1000 crore. A committee has been formed to draft a blueprint for the bank, including former leaders from major banks and financial institutions. The committee is tasked with submitting its report by April 30, 2013. The necessary approvals, including a banking license, are expected by October 2013, with the bank anticipated to commence operations in November 2013.