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Essay

Investment Opportunities For Banks

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Issue:

Book Reports

 

Written by:

Lucinda B

 

Date added:

November 23, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

60 / 16561

 

Was viewed:

10085 times

 

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Essay content:

Co-operative Banks in India are registered under the Co-operative Societies Act. The cooperative bank is also regulated by the RBI. They are governed by the Banking Regulations Act 1949 and Banking Laws (Co-operative SocietiesAct, 1965). Cooperative banks in India finance rural areas under: Farming, Cattle, Milk, Hatchery and Personal finance...
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They mobilise savings from the middle and lower income groups and provide credit to small borrowers, including weaker sections of the society. These banks in India are financial cooperatives similar to credit unions found abroad, except that they can also accept deposits from non-members and form a part of the payments systems...
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