Functions of cooperative bank

joel.francis.7351

Par 100 posts (V.I.P)
Functions of cooperative bank :

The major functions of a cooperative bank are :

  • Mobilization of funds from their members
  • Advance loans to the members

When you look at cooperative banks in India, you realize that they play a very important role even today in rural financing.

A sharp increase in primary co-operative banks has led to rapid development of businesses of cooperative bank in the urban areas in recent years.

Cooperative Banks fall under the Co-operative Societies Act which is also regulated by the RBI. They are governed by the Banking Regulations Act 1949 and Banking Laws (Co-operative Societies) Act, 1965.

Majorly the cooperative banks in rural india facilitate financing for farming, cattle, milk, hatchery, personal finance, etc.

In urban areas the cooperative banks in India facilitate finance for
Self-employment, Industries Small scale units, Home finance Consumer finance, Personal finance, etc

You can read more about ROLE OF COOPERATIVE BANKS at : http://www.managementparadise.com/f...atives-moc/201536-role-cooperative-banks.html
 
This post is effective and but would you please shed some light on what are the main purpose of corporate banking and what are the difference between commercial banking.
 

bhautik.kawa

New member
Functions of cooperative bank :

The major functions of a cooperative bank are :

  • Mobilization of funds from their members
  • Advance loans to the members

When you look at cooperative banks in India, you realize that they play a very important role even today in rural financing.

A sharp increase in primary co-operative banks has led to rapid development of businesses of cooperative bank in the urban areas in recent years.

Cooperative Banks fall under the Co-operative Societies Act which is also regulated by the RBI. They are governed by the Banking Regulations Act 1949 and Banking Laws (Co-operative Societies) Act, 1965.

Majorly the cooperative banks in rural india facilitate financing for farming, cattle, milk, hatchery, personal finance, etc.

In urban areas the cooperative banks in India facilitate finance for
Self-employment, Industries Small scale units, Home finance Consumer finance, Personal finance, etc

You can read more about ROLE OF COOPERATIVE BANKS at : http://www.managementparadise.com/f...atives-moc/201536-role-cooperative-banks.html

Hey Friend,

Well, i found some important information Study on Cooperative Banking in India and wanna share it with you and other's. So please download and check it.
 

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