Cooperative Bank | Indian Banking System | Intro and History | Study at Home with me

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Topics Covered:
-Meaning of Cooperative Banking
-History of Cooperative Banking in India

A co-operative bank is a financial entity which belongs to its members, who are at the same time the owners and the customers of their bank.  Co-operative banks are often created by persons belonging to the same local or professional community or sharing a common interest.

They are registered under the Cooperative Societies Act, 1912, and governed by the Banking Regulations Act 1949 and Banking Laws (co-operative societies) Act, 1965.


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