joel.francis.7351
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Functions of cooperative bank :
The major functions of a cooperative bank are :
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
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