There isn't a merge between commercial banks and co-op credit unions because banks are individually owned and operated while co-ops are member owned and controlled. They are ran differently which is why they do not merge.
The 3 main category of Banks in India are:Regular - Commercial BanksUrban Cooperative BanksRural or Grameen Banks
commercial banks
Nationalized banks are commercial banks that are owned and operated by the government, focusing on providing a wide range of banking services to the public and promoting economic growth. In contrast, cooperative banks are member-owned financial institutions that operate on a cooperative model, primarily serving the financial needs of their members within a specific community or sector. While nationalized banks typically have a broader mandate and regulatory framework, cooperative banks emphasize local participation and community welfare. Additionally, nationalized banks often have more extensive resources and reach compared to cooperative banks.
Commercial Banks are of 2 kinds: Private and Nationalised Private Commercial banks are private sector banks like ICICI, Citibank, etc, which have no government stake in them. Nationalised Commercial banks are government owned commercial banks like SBI, Canara Bank, Punjab National Bank, etc. The government holds a large stake in these banks. NABARD and SIDBI fall under what are known as Development Banks. Development banks are those banks which mainly have 2 funcitons: One, to act as refinanciers, diverting funds through nationalised banks for development purposes and Two, to undertake development projects like training and supporting fledgling industries. A third category of banks are known as Cooperative banks. The DCCBs or District credit cooperative banks fall under this category. All the above mentioned banks are governed and regulated by the Reserve Bank of India.
Regional rural banks (RRBs) primarily focus on providing banking services to rural areas and are sponsored by commercial banks, with a mandate to promote financial inclusion among the rural population. They are government-supported entities that aim to enhance agricultural and rural development. In contrast, cooperative banks are member-owned institutions that serve both urban and rural areas, operating on the principle of mutual assistance and focusing on the needs of their members. While RRBs are more government-directed and emphasize rural development, cooperative banks are more community-driven and emphasize cooperative principles.
That would depend on where you live but cooperative banks are normally private banks owned by the people (but not the government).
The difference between the commercial banks and micro finance banks is in their functions and ability. The main difference is in the lending limits with micro finance banks having lower limits.
In India sources of credit can be categorized into formal and informal sources. Formal sources of credit consist of commercial banks, regional rural banks, cooperative credit societies etc. Informalsources of credit are friends and relatives, moneylenders etc. Today, India has over 32,000 ruralbranches of commercial banks and regional rural banks (RRBs), some 14,000 cooperative bank branches, 98,000 primary agricultural credit societies (PACS) (Basu and Srivastava, 2005).
government bank
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Please tell me all the banks information from madhypradesh?
By June 2004 DZ Bank had become both a central bank and a commercial bank and was one of the world's eight largest cooperative banks.