India's first women-only bank hires 1/3rd men for entry-level position

Not only can men open accounts in India's first national bank for women, of women and by women, nearly one-third of the entry-level officers in the bank will be men
The Institute of Banking Personnel Selection (IBPS), an assessment organization that conducts tests for financial institutions, has published a "provisional" list of 103 successful candidates for the post of probationary officers for the Bharatiya Mahila Bank, which had announced 115 vacancies for the entry-level post in September.
The Bharatiya Mahila Bank or BMB was announced too much applause by Finance Minister P Chidambaram in his Budget speech this year.
The Prime Minister inaugurated the bank, which will focus on lending to women and women-run businesses. It will also predominantly employ women. Seven branches will be operational at first and the government aims at 25 branches by March 31. Besides direct recruitment, the lender is also banking on lateral recruitment to hire senior professionals. The senior-level hires will come from various public sector lenders.
Last week, it appointed Usha Anantha subramanian as chairperson and managing director. Before joining BMB, Ms Anantha subramanian was an executive director with the state-run Punjab National Bank (PNB).
According to a circular by a Delhi-based public sector bank, the Bharatiya Mahila Bank had sought 125 employees for a period of three years. "While men could also apply, preference would be given to women," the circular read.
In his Budget speech in March this year, Mr Chidambaram had allocated a seed capital of Rs. 1,000 crore for the bank. The Reserve Bank of India gave its in-principal approval for the Bharatiya Mahila Bank in June, after which the banking company was set up.
Sources: PTI