All-women bank: empowering women or eye on the polls?

......Setting up one bank will not and cannot cater to all the women in India. What we need is more hiring of women in the public sector banks. We need sensitising of the existing bank employees to the problems of women, both at the administrative and lending level. The public sector banks must hire more women as should the private sector banks. The crux of the issue is that to make an impact, the proposed all women’s bank must have a nationwide network across the country in both urban areas and villages. How will it create this network and how much time will it take is the question. There are already so many women’s cooperative banks in Maharashtra and elsewhere which are doing a good job. This bank does not fill any gaps and is superfluous.......

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