Question

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What is the meaning of cooperative banks?? ​

Answer 1

Answer:

Co-operative banks are financial entities established on a co-operative basis and belonging to their members. This means that the customers of a co-operative bank are also its owners. These banks provide a wide range of regular banking and financial services.

Explanation:

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Answer 2

Answer:

Co-operative banks are financial entities established on a co-operative basis and belonging to their members. This means that the customers of a co-operative bank are also its owners. These banks provide a wide range of regular banking and financial services.Examples of Co-operative banks are: Andhra Pradesh State Co-operative Bank Ltd, The Bihar State Co-operative Bank Ltd, Chhatisgarh Rajya Sahakari Bank Maryadit,The Goa State Co-operative Bank Ltd, The Gujarat State Co-operative Bank Ltd, Haryana Rajya Sahakari Bank Ltd etc.

The primary function of these co-operative banks is: Providing loans to small borrowers and small businesses. Extending credit facilities like term loans and working capital loans. Giving advances against shares and debentures.