NEW DELHI: Women bankers looking for better career prospects, while also boosting financial access for the fairer sex, will soon have the option to move to the Bharatiya Mahila Bank (BMB) that will be ready to commence operations by November.
While the government is yet to finalize the chairperson for the all-women bank, sources said that Punjab National Bank executive director Usha Ananthasubramanian is the frontrunner for the job. If the appointment comes through, she will have a five-year run at the bank and will be able to implement the plan better than someone with a short tenure, sources said.
For the others, the finance ministry has written to public sector banks to allow women employees on deputation - a tough ask given that most state-run lenders are already complaining of staff shortage. But with a new bank in place, bankers expect not just better work conditions for women employees but even faster promotions. Although intake of women employees has gone up in most public sector banks, several drop out after putting in a few years due to difficult postings, often in rural areas or small towns.
While the government is yet to finalize the chairperson for the all-women bank, sources said that Punjab National Bank executive director Usha Ananthasubramanian is the frontrunner for the job. If the appointment comes through, she will have a five-year run at the bank and will be able to implement the plan better than someone with a short tenure, sources said.
For the others, the finance ministry has written to public sector banks to allow women employees on deputation - a tough ask given that most state-run lenders are already complaining of staff shortage. But with a new bank in place, bankers expect not just better work conditions for women employees but even faster promotions. Although intake of women employees has gone up in most public sector banks, several drop out after putting in a few years due to difficult postings, often in rural areas or small towns.
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