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BMB proved costly to run, merger with SBI to serve more people

BMB proved costly to run, merger with SBI to serve more people

Tuesday, April 11, 2017, 6:04 PM

Bharatiya Mahila Bank that served only women customers turned out to be a costly affair in view of its limited outreach but now its merger with SBI will help reach out to a wider clientele at the same cost. "SBI group already has 126 exclusive all-women branches across the country while BMB has only seven," Minister of State for Finance Santosh Kumar Gangwar said.
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