Question

what are the feature of coorporative banks

Answer 1

Cooperative bank is a body that serves the purpose of banking for its clients by giving loans, savings,credits and its always looks at the concept of a individuals of cooperative groups that share the common goals.

It has the following features;The government may control  its distribution of surplus in terms of interests rates.

Also governance is democratic.They votes for the best leaders out of the majority selection.

They also consists of members who share the common ideas and goals in terms of investments and savings for future benefits