Cooperative Banks List In India Operational Banks List

By | January 18, 2022

Know Cooperative Banks List In India – Operational Banks List

Under the state cooperative societies Act, Cooperative Banks are the financial entities belonging to their members are registered as both customer and owner at the same time

The cooperative banks are under the banking regulation Act 1949, Banking Laws Act 1955 whereas the Reserved Bank Of India regulates them To provide services to the employees there are a total of 31 Cooperative Banks functional in India and the government heads them to provide services

For the cooperates and members of the society Cooperative Banks provide various services including bank deposits, Loans, etc.

Cooperative Banks Features

To give an overview of the services provided by the Cooperative banks here are some of the features contained by cooperative banks in India

  • Both the customer and owner identities are given to customers in cooperative banks
  • Bard of directors choose the head of the Cooperative banks and is owned by the members
  • Based on the principle of ‘One Person, One Vote’ all the members of cooperative banks have equal rights to vote
  • In the financial inclusion of unbanked rural masses cooperative banking has played a major part
  • Based on legal and statutory limitations the bank’s profits are equally shared between the members
  • The highest rate of interest on the deposits are offered
  • They have replaced UN-discouraged borrowing with productive borrowing

Indian Cooperate Banks

Co-Operative Sector BanksContact EmailAssociated Web Address
Abhyudaya Co-op. Bank Ltd.
Adarsh Co-operative Bank Ltd
Apna Sahakari Bank Ltd.
Bassein Catholic Co-op. Bank Ltd.
Bombay Mercantile Co-op. Bank[email protected]
GP Parsik Sahakari Bank Ltd.
Jalgaon Janata Sahakari Bank Ltd.
Janakalyan Sahakari Bank Ltd.[email protected]
Janata Sahakari Bank Ltd.[email protected]
Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd NA
Mahesh Sahakari Bank Ltd.,
Nagpur Nagarik Sahakari Bank Ltd.
New India Co-op. Bank Ltd.
Nutan Nagarik Sahakari Bank Ltd.
Punjab & Maharashtra Co-op. Bank Ltd.
Rajkot Nagarik Sahakari Bank Ltd.
Sharad Sahakari Bank Ltd.[email protected]
The A.P. Mahesh Co-op. Urban Bank Ltd.[email protected]
The Adarsh Co-op. Urban Bank Ltd.
The Bharat Co-op. Bank (Mumbai) Ltd.[email protected]
The Chitanavispura Sahakari Bank Ltd NA
The Cosmos Co-op. Bank Ltd.
The Deccan Merchants Co-op. Bank Ltd.[email protected]
The Gayatri Co-op. Urban Bank Ltd.
The Greater Bombay Co-op. Bank
The Jalgaon People`s Co-op. Bank Ltd NA
The Kalupur Commercial Co-op. Bank Limited
The Kalyan Janata Sahakari Bank Ltd.
The Karad Urban Co-op. Bank Ltd
The Khamgaon Urban Co-op. Bank Ltd. NA
The Mahanagar Co-op. Bank Ltd
The Municipal Co-op. Bank Ltd.
The North Kanara GSB Co-op. Bank Ltd.
The Pochampally Co-op. Urban Bank Ltd.
The Saraswat Co-op. Bank Ltd.
The Surat People`s Co-op. Bank
The SVC Co-op Bank Ltd
The Urban Co-op. Bank Ltd. NA
The Visakhapatnam Co-operative Bank Ltd.
The Zoroastrian Co-operative Bank Limited
TJSB Sahakari Bank Ltd.

What are the types of Cooperative banks in India?

Based on the operating criteria there exist three different types of cooperative banks as Primary Credit Societies, State Co-operative Banks and Central Cooperative banks According to requirements of the surrounding Banks organization on different levels on District, Town, and State level

What is the importance of Cooperative banks in India?

To give loans to Primary credit societies and individual is the main purpose of cooperative banks By the funds, deposits, Borrowings, and courses the cooperate banks in India maintain their funds

Is it safe to invest in Cooperative Banks?

The commercial banking sector is considered as the best if you are looking to make a safe investment and expect good returns Cooperative banks are meant for higher investment returns and this banking is not for much-insured amount

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