About us

Bharatiya Mahila Bank Ltd is the first of its kind in the Banking Industry in India formed with a vision of economic empowerment for women. Incorporated under the Companies Act 1956 on 5 August 2013, the Bank received the certificate of commencement of Business on 22 August 2013 and the Banking License from RBI on 25 September 2013. The Bank's Corporate Office is at the IFCI Towers, 9th floor, Nehru Place, New Delhi .

Launched in 2013, the Bank has carved a niche for itself as a pan India Bank and presently, has over 100 branches across the country.

While the Bank focuses on the entire pyramid of Indian women, special attention is given to economically neglected, deprived, discriminated, underbanked, unbanked, rural and urban women to ensure inclusive and sustainable growth. The Bank with a team of professionals with rich experience and expertise has designed and developed new products and services to suit the needs of women of all segments including Self Help Groups, women entrepreneurs, salaried women, HNIs and Corporates.

The Savings Bank rate of interest for Rupees One lakh and above is 5% and for amount less than Rs. One lakh, the interest rate is 4.5%. The Bank has designed many women centric products keeping in mind the core strengths of women so as to enable them to unleash their hidden potentials, engage in economic activities and contribute to the economic growth of the country. Most of the products are offered with a concession in the rate of interest for women customers.

The Bank offers BMB Smartbanking – the internet banking facility with many value added features. The customers can open Recurring Deposits, Fixed Deposits etc through internet banking. When in need they can also access such Fixed Deposits to avail premature facility. The Bank’s Mobile banking App can be freely downloaded from Google Play Store for Android mobiles and Apple Store for iphone. Bank is one of the pilot Banks for introduction of the new payment system UPI, launched by NPCI.

The Bank also conducts programmes on financial literacy, skill development, training for women of all segments of the society so that women in turn generate more income, more jobs and growth opportunities and contribute significantly for the economic growth of the nation.

Mrs. SM Swathi is the Executive Director of the Bank. The Bank has been allocated with an initial capital of Rs. 1000 Crores.

The Bank has received two awards – The Asian Banker Achievement Award 2015 for Technology Implementation in the category of Best Outsourcing Project (New Bank) and the Core Banking Initiative Award 2014 by Asian Banking and Finance, Singapore

Smt. S M Swathi

Smt. S M Swathi

Executive Director

Ms. S.M. Swathi is the Executive Director of Bharatiya Mahila Bank Ltd.

Prior to taking over as ED of the Bank, she was the General Manager of Corporation Bank. She joined the banking industry in September 1980 as Agriculture Field Officer in the Rural Banking Department of Corporation Bank and rose to the rank of General Manager.

In a career spanning over three decades, she has worked in various places in different capacities. She has handled large branches in Delhi and Bangalore and was Zonal Head of Hassan and Delhi at Corporation Bank. She was also the Circle Head of Delhi (North India) and Bangalore (Karnataka). At Head Office, she was incharge of Retail Lending, Marketing, Publicity, Corporate Communications and Research Divisions.

She holds a Postgraduate degree in Agriculture. She was a gold medallist in graduation (BSc Agri). She is also an MBA in Finance in addition to CAIIB.

Dr. N. Srinivasa Rao

Dr. N. Srinivasa Rao


Dr.N. Srinivasa Rao is Director, Department of Financial Services, overseeing insurance related matters and issues pertaining to Financial Inclusion. Prior to this, he was Director in the Department of Economic Affairs, Ministry of Finance, handling G-20 and BRICS issues and was involved in the preparatory work of new development bank of the BRICS. Before that as Financial Adviser and CAO, he led key initiatives at Insurance Regulatory Development Authority of India (IRDAI) in a leadership role including creating the regulatory framework and policy for investments of the Insurance Industry and creating measures to ensure financial stability in the financial markets of the country as part of a coordination committee of different financial sector regulators (SEBI, RBI and IRDA). He joined the Indian Economic Service in 1995 and has made significant contribution to various organizations both in terms of policy and operative effectiveness.

Earlier, as Deputy Economic Advisor in the Ministry of Agriculture, he has handled all issues related to agricultural policy – including strategy, investment and complete analysis of agriculture growth and cost of cultivation. He was responsible for bringing out the publication on Land Use statistics in the country for the years 2007 and 2008. While posted with the Planning Commission conducted successfully, the evaluation of the Mid-Day Meal Scheme, one of the Largest Programs of Government of India, in the States of Andhra Pradesh and Karnataka. Earlier, as Joint Secretary (Budget), Government of Andhra Pradesh, led the preparation and presentation of Annual Budget of the State of Andhra Pradesh (AP) for six consecutive years (2000 – 2006). He was instrumental in bringing in modern cash management practices as part of overall treasury management best practices implementation. As Financial controller of all External Aided Projects, led the financial management of multi-sector projects in Roads, Public Sector Enterprises, Health & Nutrition, irrigation and other sectors – specifically established Key Performance Indicators (KPI), actively monitored the projects and led negotiations for loans from World Bank, to the tune of INR 15000 Crores to partially fund the projects. Developed financial management framework for externally funded projects from organizations like DFID, (UK), JBIC (Japan), World Bank etc.

Shri Manish Kumar

Shri Manish Kumar

Shri Manish Kumar is Under Secretary with Department of Financial Services(DFS), Ministry of Finance(MoF), Government of India(GOI).

He is currently holding the charge of Industrial Relations(IR) where he is handling matters related to industrial relations and macro management of HR policies, etc in Public Sector Banks(PSBs). He is also carrying the charge of Establishment matters of the employees of DFS.

He holds Masters in Human Resource Management. He has done Post Graduate Executive Programme in Financial Management (PGEPFM) from National Institute of Financial Management.

Chief Vigilance Officer

Mr. M.G. Srivastava


ED Secretariat

PS to ED



Company Secretary

Ms. Shima Devi - Company Secretary

011 - 47472112


  • Thought of the Day- "People who study others are wise but those who study themselves are enlightened." Word of the Day- Economist​ = अर्थशास्त्री

  • Lockers available at our Branches in Mumbai, Raipur, Dehradun, Kanpur, Kolkata, Thiruvananthapuram, Ranchi, Agra, Chennai, Jaipur, Agartala, Alwar, Bengaluru, Chandigarh, Panaji, Gurgaon, Lucknow, Hyderabad, Kochi, Panchkula, Indore, Bhubaneswar, Bhubaneswar, Thane, Najafgarh

  • Lockers available at our Branches in Agartala, Agra, Alwar, Bengaluru, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Dehradun, Goa, Gurgaon, Hyderabad, Indore