Co-operative Banks

Co-operative banks usually meet the short-term credit needs of agriculture. Since agriculture and production of agricultural commodities are subject to natural calamities it requires specialized type of financing. Co-operative banks provide cheap credit to the farmers. These banks are run on co-operative principles.

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.

These banks are often created by persons belonging to the same local or professional community or sharing a common interest. Co-operative banks generally provide their members with a wide range of banking and financial services.

Share it:  Cite

More from this Section

  • Keogh plan
    Keogh plan is a retirement savings plans for self-employed individuals, who do not have ...
  • Balanced liquidity management
    Balanced liquidity management is the combined use of both asset management and liability ...
  • Debit card
    Debit card is a plastic card, similar to a credit card, that transfers funds directly ...
  • Political Risk
    Political Risk is the possibility that political events in a particular country will have ...
  • Eurocurrency deposit
    Eurocurrency deposit is the deposits denominated in a currency different from the currency ...