Finance Ministry to soon seek Cabinet's nod for all-women bank

The Finance Ministry will soon approach the Cabinet for approval to set up India's first all-women bank, entailing Rs 1,000 crore initial investment. 

A Cabinet note has been circulated for theall-women bank and the matter is likely to be considered by the Cabinet soon, sources said. 

The all-women bank, proposed in the Budget, would be wholly-owned by the government and is expected to start operations from November, 2013 through six branches in different parts of the country. 

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