Professional Documents
Culture Documents
These are banks which are not government owned or controlled. Their shares are
Cooperative Banks:-
Cooperative Banks are those that are created by a group of individual to support either
a community or a religious group. They operate in metropolitan, urban and semi urban
These came into being on October 2, 1975 when 5 regional rural banks were
established under what became the Regional Rural Banks Act 1975. These were to
bridge the gap in rural credit granting loans and advances to small and marginal
farmers, artisans, small entrepreneur and persons of small means engaged in trade,
Local Area Banks came into existence in 1999 and licenses were given for these banks
as it was felt that regular commercial banks were not financial the rural/ agricultural
sector adequately. Licenses were given to open branches in three districts. Branches in
urban/ semi urban areas were granted only after ten branches were established in rural
areas/ villages.
Sectors Banks
Central Bank:- Reserve Bank of India
Coo
The Andaman and Nicobar State Co-operative Bank Ltd. The
perative
Arunachal Pradesh State co-operative Apex Bank Ltd. The Assam
Banks:-
Co-operative Apex Bank Ltd The Bihar State Co-operative Bank
Ltd. The Chandigarh State Co-operative Bank