A first for India: a bank for women, by women

Soon, India would be one of the first countries to set up a bank not only targeted at women but also run by women. Indonesia, with a few financial institutions targeted at women, may only come as a distant second since the facilities do not qualify as a full-fledged bank…..

TM Bhasin, chairman and managing director, Indian Bank, also hailed the move. He said such a bank would help in uplift of women in general. Though the bank would primarily lend to women, Chidambaram said, deposits would be taken from male customers as well…articleWomen Bank of India

Budget 2013: Is it really women friendly?

Finance Minister P Chidambaram in his presentation of the Union Budget on Thursday had many women-related issues covered with a women’s bank and a Nirbhaya Fund as the highlights.

Bengaluru: With major plans for women, Finance Minister P Chidambaram on Thursday has wooed the fair sex.
High among the plans is the allocation of Rs. 1000 crore for safety and empowerment of women which will be called Nirbhaya Fund.
The country is also all set to get an all-women bank by this year with the government announcing an initial capital of Rs. 1,000 crore for the purpose.
Announcing the Budget proposals for 2013-14, Finance Minister P Chidambaram said the bank is likely to be set by October this year.
“I…propose to set up India’s first women bank as the public sector. I shall provide Rs. 1,000 crore as initial capital. I hope to obtain the necessary approval and banking licence by October, 2013,” he said…articleIs it really women friendly

Finance background helps women get boardroom positions

A qualification in finance or a background that demonstrates considerable financial acumen is key to women getting into boardroom positions.

According to a press release, the research from Cranfield University School of Management  was commissioned by the Association of Chartered Certified Accountants (ACCA) and the Economic and Social Research Council (ESRC). It found that 45% of female executive directors are financially qualified and 65% have a financial background, while 26% of their male colleagues are financially qualified and 44% have a financial background…articleFinance background helps women get boardroom positions

First woman heading IMF means business

For the first time in its history, the International Monetary Fund has censured a member country for the poor quality of its economic data, after the Fund announced Friday it was issuing a “declaration of censure” against Argentina.

There is an overall tendency by numerous governments to provide false or misleading data in order to prevent sanctions for non-compliance with international agreements….Press Release No. 13/33 – Statement by the IMF Executive Board on ArgentinaLagarde IMF