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 Banks | Contact Email | Associated 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 | md@bmcbank.co.in | 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. | sgdate@jksbl.com | jksbl.com |
| Janata Sahakari Bank Ltd. | ceo@janatabankpune.com | 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. | ho@sharadbank.com | sharadbank.com |
| The A.P. Mahesh Co-op. Urban Bank Ltd. | md@apmaheshbank.com | apmaheshbank.com |
| The Adarsh Co-op. Urban Bank Ltd. | adarshbank.com | |
| The Bharat Co-op. Bank (Mumbai) Ltd. | ceo@bharatbank.co.in | bharatbank.com |
| The Chitanavispura Sahakari Bank Ltd | NA | |
| The Cosmos Co-op. Bank Ltd. | cosmosbank.com | |
| The Deccan Merchants Co-op. Bank Ltd. | co@deccanbank.com | 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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