1. There is room for many more banks in India, given the population and needs, said Rajendran, and contrasted the situation with that of the US where the number of banks had come down from 8,000 to 5,000 after mergers.
2. He said banks had to do both and pointed out that if banks choose to ignore commercial banking, they would find that the social sector would not actually be able to absorb everything.
3. He pointed out public-sector banks still sanction a loan while private banks sell a loan.
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