Canara Bank, a public sector lender is planning to open 10 all-women employee branches across the country. Through this initiative the bank aims to focus the women clientele. It has decided to waive the processing charges for home and vehicle loans for women from March 1, 2013, to May 31, 2015.
The lender has also started new initiatives such as waiver of promoter’s contribution and providing 100% finance for micro and small projects up to Rs 1 lakh for empowerment of women. It is also launching annual award scheme for successful women entrepreneurs financed by the bank with three cash awards of Rs 25,000, Rs 50,000 and Rs 1 lakh.
