Role of Co-Operative Banking in India

Examining the Role and Regulation of Co-operative Banking in India

Abstract

A co-operative bank is a financial element which has a place with its individuals, who are in the meantime the proprietors and the clients of their bank. Co-operative banks are regularly made by people having a place with a similar nearby or proficient community or sharing a common premium. Co-operative banks for the most part give their individuals a wide scope of banking and financial administrations (loans, stores, banking accounts and so on.). Co-operative banks vary from investor banks by their association, their goals, their qualities and their administration. In many countries, they are directed and controlled by banking experts and need to regard prudential banking directions, which put them at a dimension playing field with investor banks. Contingent upon countries, this control and supervision can be actualized straightforwardly by state elements or designated to a co-operative alliance or focal body.