Business Studies, asked by Thanuj2836, 1 year ago

Difference between rural cooperatiev bank and urban cooperative bank

Answers

Answered by siya101

The Co Operative Banks are registered under Co operative Societies Act and also regulated by RBI . They are governed by Banking Regulation Act 1949 and Banking Laws( Co Operative Societies) Act 1965. They areAre small sized units organized in urban and non urban (rural) areas.

Rural Co Operative Banks mainly finance agricultural based activities including farming, dairy, fishiculture, along with some small scale industries and self employment activities.

Urban Co Operative Banks mainly finance various categories of people for self employment, industries, small scale units and home finance.

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