Bharatiya Mahila Bank (BMB) will soon firm up a medium-term business plan spanning next five years, a top official has said.
“Our board is expected to meet in the next fortnight and consider for approval a medium-term business plan for the bank,” S M Swathi, Executive Director, BMB, said.
The women focused bank, which started its journey in 2013, has set up its 85th branch at Najafgarh in the capital. By end-March next year, BMB is looking to increase its branch network to 120 branches.
Till date, the bank has notched up a business of about ₹ 1,280 crore.
Swathi also dismissed media reports of possible merger of Bharatiya Mahila Bank with a larger bank, stating that no merger proposal was on the table.
“It is business as usual for us and we have not heard anything on this from the Government as well. However, such reports do affect our business and create doubts among stakeholders,” she added.