What is the role of urban co op banks in economic development?
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Cooperative banks serve an important role in the Indian economy, especially in rural areas. In urban
reas, they mainly serve to small industry and self-employed workers. They are registered under the Cooperative Societies Act, 1912. ... They are licensed by RBI to do banking business
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Answer:
Cooperative banks serve an important role in the Indian economy, especially in rural areas. In urban areas, they mainly serve to small industry and self-employed workers. They are registered under the Cooperative Societies Act, 1912. ... They are licensed by RBI to do banking business
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