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GTB adds to the muddle created by co-op banks
The virtual collapse of the Global Trust Bank (GTB) has once again eroded depositor confidence in the banking system, already hit by several scams involving cooperative banks during 2002-04.
While many of the cooperative banks are on the road to...
Credit Co-operatives
Importance of Credit Co-operatives:
1. Provide timely flow of credit to rural areas.
2. Help balance regional development.
3. Arrest the monopoly of money lenders.
Example:
Grameen Bank in Bangladesh offers loans to the rural areas of Bangladesh. Prof. Yunus...
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