Entry point norms for opening cooperative bank?

Answer 1

No entry point norms are seen prescribed by RBI for Co-operative banks so far. Malegam committee has recommended some norms such as CRAR, NPA, Deposits etc. but these are under consideration.But according to sec. 5 (ccv) and Sec.22 r/w sec.56 of BR Act a primary credit society becomes a Co-operative bank when its paid up share capital and reserves is not less than 1 lakh. So we can consider this as the only entry norm. State co-operative banks and central co-operative banks are "Co-operative Banks" by itself and there are no entry norms for these entities.