Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / deepak
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. Co-operative 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 (loans, deposits, banking accounts, etc).
They provide limited banking products and are specialists in agriculture-related products.
Cooperative banks are the primary financiers of agricultural activities, some small-scale industries and self-employed workers.
Co-operative banks function on the basis of "no-profit no-loss".
Anyonya Co-operative Bank Limited (ACBL) is the first co-operative bank in India located in the city of Vadodara in Gujarat.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Tell about Foreign Exchange Reserve?
How to get registered through e-application?
What Is Commercial Bank?
What is a CP?
What Is The Difference Between Accounts Payable And Accrued Expenses Payable?
Tell me about your interests
What Are The Various Systems Of Accounting?
Mention what are the options available in Account Books Menu in Tally ERP 9?
If you get recruited in SBI, and made an employee in a rural area, how will you prove yourself as a best employee?
Do you know different schemes launched by Modi Government?
How can a company invite public deposits through advertisements? What are the details required to be included in the advertisements?
What do you mean by SARFAESI Act?
What is the Largest Public sector bank of India?
Is California Chapter 13 Bankruptcy (reorganization) Right For Me?
Who are the latest Noble Prize Winners?
