Starting any business in India, including a cooperative bank requires licensing. Licensing is very difficult to get. It requires hiring a lawyer. It is rumored that bribes will be necessary to complete the process.
Today cooperative banks are dangerous as people are not paying back their loans.
Yes, it is.
They didn't?
Cooperative banks in India are not nationalized; they are typically owned and operated by their members. While they are regulated by the Reserve Bank of India (RBI) and the respective state governments, they maintain a cooperative structure that differentiates them from nationalized banks, which are government-owned. Each cooperative bank operates independently, serving local communities and members rather than being part of a nationalized system.
Is Grameen Bank a cooperative? Why or Why not?
Mechanics Cooperative Bank's motto is 'Your Life. Your Neighborhood. Your Bank.'.
Cooperative banks are governed by the provisions of State Cooperative Societies Act and meant essentially for providing cheap credit to their members. it is an important source of rural credit in India.
Taiwan Cooperative Bank was created in 1944.
Taiwan Cooperative Bank's population is 2,007.
Cooperative Bank of Kenya's population is 2,009.
The population of Cooperative Bank of Kenya is 2,450.