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1. mobilization of funds from their members.
2. advance loans to the members
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∙ 10y ago
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What is people's co-operative banks?
What is people's co-operative banks.....it is nothing but a urban bank which is categorically as cooperative.bank...
What are the Functions of producers cooperative?
functions of producers co operative society
What is the address of Tamilnadu Urban Co-oprative society?
There is no such Tamilnadu Urban Co-operative Society in tamilnadu. Tamil Nadu State Co-operative Bank(TNSC Bank) is the highest Forum of Banking structure in Tamilnadu- is the Apex bank of all district co-operative banks & urban co-operative banks. Its Head office at Paris Corner- Opposite to High court of Tamil Nadu. District Co-operative banks siduated at all district head quarters- these banks are apex forum for all primary Co-op banks and co-op societies of the concerned districts. Urban co-operative banks are individual banks only in the Urban (town-Corporation, municipal or town panchayat area) area. These banks cannot operate in the next urban area.
What is the difference between regional rural banks and co-operative banks?
bhag bhosdik
What is the definition of a state cooperative bank?
A co-operative bank is a type of bank that provides financial services to co-operatives and organizations that its members own. When the state runs these banks they are called state co-operative banks.
What are the benefits of using a co operative bank?
Co-operative banks can be very useful because they are very customer friendly. In general, loan and credit card percentages are lower than other banks.
What is a difference between commercial banks and co-operative banks?
1. Registration ↓In India, the Commercial Banks are required to be registered under Banking Regulation Act, 1949.In India, the Co-operative Banks are required to be registered under the Co-operative Societies Act, of the concerned state.2. Main Objective ↓The main objective of a Commercial Bank is to accept deposits from public for the purpose of lending to industry and commerce.The main objective of a Co-operative Bank is to accept deposits from the members and the public for the purpose of providing loans to farmers and small businessmen with a motto of service.3. Availability of Funds ↓Massive funds are available at the disposal of Commercial Banks.Limited funds are available at the disposal of Co-operative Banks.4. Area of Operation ↓Commercial banks operate over a larger area. Some commercial banks even have branches in foreign countries.The area of operations of Co-operative Banks is limited and mostly confined to State. They do not operate at national level nor international level.5. Nationalisation ↓At present 20 Commercial Banks have been nationalised in India.In India Co-operative Banks are not nationalised.6. Merchant Banking Services ↓Commercial Banks provide merchant banking services such as advising the companies regarding the public issue of shares.Co-operative Banks do not provide merchant banking services.7. Mutual Funds ↓Commercial Banks in India such as Canara Bank, Bank of India, State Bank of India, do operate mutual funds.At present co-operative banks in India do not operate mutual funds.8. Basis of operation ↓Commercial banks operates on the commercial principles. They operate to earn a profit.The basis of operations is on co-operative lines, i.e. service to its members and the society.9. Rate of Interest ↓The Commercial Banks provide a lesser rate of interest as compared to co-operative banks.The Co-operative Banks provide a little higher rate of interest on deposits as compared to commercial banks.
Entry point norms for opening cooperative bank?
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.
What are the classification of banks?
Banks can be broadly classified into many categories based on the functions they perform and based on the services they offer. Some of the types of banks are: 1. Commercial/Retail Banks 2. Private Banks 3. Investment Banks 4. Rural Banks 5. Co-operative Banks 6. Industrial Banks 7. Etc.
Merger and acquisition of commercial banks in Nigeria?
what are the needs for social and economic foundation of co-operative association in nigeria?
Who owns co-operative?
The members of the co-operative own it.
Why there isn't the merge between commercial banks and co-operative society?
There isn't a merge between commercial banks and co-op credit unions because banks are individually owned and operated while co-ops are member owned and controlled. They are ran differently which is why they do not merge.
