Difference between co operative bank and nationalised bank
Answers
Answered by
2
Answer:
Nationalization is an act of taking an industry or assets into the public ownership of a national government. Nationalization refers to private assets being transferred to the public sector to be operated by or owned by the state. So there is no difference between a nationalized bank and a public sector Bank.
Answered by
2
Difference between co operative bank and nationalised bank:
Co operative bank:
- Cooperative banks are licensed by RBI to carry out their business in urban and rural areas.
- They are formed to support the small industries and workers who are self-employed.
- Cooperative banks work on the principle of cooperating with each other through collection of funds and carry out business at the state level.
Nationalised bank:
- Nationalized banks are registered in the RBI Act and are scheduled public banks which carry out their business at national level.
- These banks have the power to finance and give loans for developmental activities.
Learn more about Banks:
Banks are present everywhere, but it is very difficult for poor households to get loan from the bank than taking a loan from informal source?Why it is so?
https://brainly.in/question/7007422
How does Reserve Bank of India keep a check on the functioning of banks?
https://brainly.in/question/3485783
Similar questions