......Why do we need a public sector bank for women? There are already co-operative banks, such as Mann Deshi Mahila Sahakari Bank in Maharashtra and Mahila Sewa Co-operative Bank in Gujarat, doing just what Chidambaram stated. A co-operative bank is any day better placed to play this role than a commercial bank, given the much stiffer competition for the latter to both get deposits and give loans. The government can easily achieve its objective of encouraging women entrepreneurs through the 26 existing public sector banks, which have branches across the country. State Bank of India, the country's largest bank, alone has over 14,000 branches. .....
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