Question

define co-operative bank its types.
plz fast!​

Answer 1

Answer:

Co-Operative Banks are small financial institutions that offer the lending facility to the small businesses in both urban and non-urban regions. These are monitored and regulated by the Reserve Bank of India (RBI) and come under the Banking Regulations Act, 1949 as well as the banking laws act, 1965.

please mark me as brainliest and follow me

Answer 2

Co-operative Bank :

In India, co-operative banks are registered under the Indian Co-operative Societies Act a d regulated under the banking regulation act.

Co-operative Banks are popular in "semi-urban/rural areas.

The main aim of co-operative bank is to provide credit to economically backward people, farmers and small scale units.

Types/Levels :

1) Primary Credit Societies

2) District Central Co-operative Bank

3) State Co-operative Bank.