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

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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. abhyudayabank.co.in
Adarsh Co-operative Bank Ltd adarshco-operativebank.com
Apna Sahakari Bank Ltd. apnabank.co.in
Bassein Catholic Co-op. Bank Ltd. bccb.co.in
Bombay Mercantile Co-op. Bank[email protected]bmcbankltd.com
CITIZENCREDIT Co-op. Bank Ltd. citizencreditbank.com
GP Parsik Sahakari Bank Ltd. gpparsikbank.com
Jalgaon Janata Sahakari Bank Ltd. jjsbl.com
Janakalyan Sahakari Bank Ltd.[email protected]jksbl.com
Janata Sahakari Bank Ltd.[email protected]janatabankpune.com
Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd NA
Mahesh Sahakari Bank Ltd., maheshbankpune.com
Nagpur Nagarik Sahakari Bank Ltd. nnsbank.co.in
New India Co-op. Bank Ltd. newindiabank.in
Nutan Nagarik Sahakari Bank Ltd. nutanbank.com
Punjab & Maharashtra Co-op. Bank Ltd. pmcbank.com
Rajkot Nagarik Sahakari Bank Ltd. rnsbindia.com
Sharad Sahakari Bank Ltd.[email protected]sharadbank.com
The A.P. Mahesh Co-op. Urban Bank Ltd.[email protected]apmaheshbank.com
The Adarsh Co-op. Urban Bank Ltd. adarshbank.com
The Bharat Co-op. Bank (Mumbai) Ltd.[email protected]bharatbank.com
The Chitanavispura Sahakari Bank Ltd NA
The Cosmos Co-op. Bank Ltd. cosmosbank.com
The Deccan Merchants Co-op. Bank Ltd.[email protected]deccanbank.com
The Gayatri Co-op. Urban Bank Ltd. gayatribank.in
The Greater Bombay Co-op. Bank greaterbank.com
The Jalgaon People`s Co-op. Bank Ltd NA
The Kalupur Commercial Co-op. Bank Limited kalupurbank.com
The Kalyan Janata Sahakari Bank Ltd. kalyanjanata.in
The Karad Urban Co-op. Bank Ltd karadurbanbank.com
The Khamgaon Urban Co-op. Bank Ltd. NA
The Mahanagar Co-op. Bank Ltd mahanagarbank.com
The Municipal Co-op. Bank Ltd. municipalbankmumbai.com
The North Kanara GSB Co-op. Bank Ltd. nkgsb-bank.com
The Pochampally Co-op. Urban Bank Ltd. pochampallybank.com
The Saraswat Co-op. Bank Ltd.  saraswatbank.com
The Surat People`s Co-op. Bank spcbl.com
The SVC Co-op Bank Ltd svcbank.com
The Urban Co-op. Bank Ltd. NA
The Visakhapatnam Co-operative Bank Ltd. vcbl.in
The Zoroastrian Co-operative Bank Limited zoroastrianbank.com
TJSB Sahakari Bank Ltd. tjsb.co.in

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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