Question

What is a cooperative bank

Answer 1

Answer:

cooperative bank is retail and commercial banking organized on cooperative basis . Cooperative banking institution take deposits and lend money in most parts of the world .

Explanation:

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Answer 2

Cooperative banks are also known as mutual banks. The bank's customer own a portion of the bank . These banks are organised and managed on a cooperative basis .

• The cooperative banks can also be traded publicly

• These banks can offer the financial products that both retail and commercial banks provide .