......The M.B.N.Rao Committee should examine whether the new bank should be yet another public sector bank, albeit with a mandate of being managed by women for women, or should it be an oversight agency to monitor operations of all banks relating to women and whether the new banks should also be a refinancing agency? For instance, the oversight agency could require all banks to convert at least one per cent of their branches in a period of one year to all-women’s branches operated by women exclusively for providing credit to women. This way, about a thousand all-Women’s branches would be set up in a year. It would take a public sector Women’s bank decades to set up a thousand branches.........
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