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Co-operative Banks in India are registered under the Co-operative Societies Act. The cooperative bank is also regulated by the RBI. They are governed by the Banking Regulations Act 1949 and Banking Laws (Co-operative SocietiesAct, 1965).
Cooperative banks in India finance rural areas under: Farming, Cattle, Milk, Hatchery and Personal finance.
Cooperative banks in India finance urban areas under: Self-employment, Industries, Small scale units, Home finance, Consumer finance and Personal finance.
Some facts about Cooperative banks in India:
• Some cooperative banks in India are more forward than many of the state and private sector banks...
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