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.
Is Grameen Bank a cooperative? Why or Why not?
Cooperative Bank
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.
the main aim of cooperative bank is to promote financial cooperation among low income group.
It depend on the amount you saving
Is Grameen Bank a cooperative? Why or Why not?
Mechanics Cooperative Bank's motto is 'Your Life. Your Neighborhood. Your Bank.'.
Central Cooperative Bank was created in 1991.
Cooperative Bank of Kenya's population is 2,009.
The population of Cooperative Bank of Kenya is 2,450.
Cooperative Bank of Kenya was created in 1965.
Cooperative Bank of Tarlac was created in 1977.
Mechanics Cooperative Bank was created in 1877.
Taiwan Cooperative Bank was created in 1944.
Taiwan Cooperative Bank's population is 2,007.
Agricultural Cooperative Bank of Iraq was created in 1935.
Cooperative Bank