Canara Bank plans 10 all-women branches

Canara Bank plans 10 all-women branches.

Bangalore headquartered public sector lender Canara Bankcanara-bank-logo  with a focus on women clientele is planning to open 10 all-women employee branches across the country.

According to the Chairman and Managing Director (CMD) of the bank Mr. R.K. Dubey, processing charges for home and vehicle loans for women will be waived from March 1, 2013 to May 31, 2015.

The bank has also begun new initiatives such as waiver of promoter’s contribution and providing 100 per cent finance for micro and small projects up to Rs 1 lakh for empowerment of women.

In order to encourage entrepreneurship and reward successful women entrepreneurs, Dubey said the bank is launching ‘annual award scheme’ for successful women entrepreneurs financed by the bank with three cash awards of Rs 25,000, Rs 50,000 and Rs 1 lakh.

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