Daily Classes anking & Financial Awareness Banking Exams Kapil Kathpal
* Credit & Risk Analyst (S.O. Post) in a Public Sector Bank. * 7 years Banking experience. Selected as SBI PO and also cracked IBPS PO * Appeared in UPSC Civil Services Mains (2017) Academics: Chartered Financial Analyst (C.F.A.) Masters in Commerce (Accounting & Business Statistics). Diploma in Treasury, Investment & Risk Management. JAIIB & CAIIB Follow me on Unacademy: https://unacademy.com/user/Zinni "RATE REVIEW & RECOMMEND" VERIFIED
Daily Classes Banking & Financial Awareness Banking Exams "Co-operative Banks" Kapil Kathpal
Co-operative Banks A cooperative bank is an institution which is owned by its members. They are the culmination of efforts of people of same professional or other community which have common and shared interests, problems and aspirations They cater to a services like loans, banking, deposits etc. like commercial banks but widely differ in their values and governance structures Registered under Co-operative Societies Act, organized and managed on the principal of co-operation, self-help, and mutual help. They function with the rule of "One for All, All for One". Functions on "no profit, no loss" basis. People come together to form a co-operation or society in order to provide Services Kapil Kathpal
The structure of co-operative network in India can be divided into 2 broad segments:- Urban Cooperative Banks Rural Cooperatives apil Kathpal
Urban Cooperative V Urban Cooperatives can be further divided into scheduled and non- scheduled. Both the categories are further divided into multi-state and single-state. Majority of these banks fall in the non-scheduled and single- state category V Banking activities of Urban Cooperative Banks are monitored by RBI Registration and Management activities are managed by Registrar of Cooperative Societies (RCS). These RCS operate in single-state and Central RCS (CRCS) operate in multiple state.
Rural Cooperative The rural cooperatives are further divided into short-term and long-term structures. The short-term cooperative banks are three tiered operating in different states. These are- Primary Agriculture Co-operative Banks VWorks at village/town level Operations are restricted to small areas District Central Co-operative Banks Works at District level VHave Primary Agriculture Co-operative Banks as members. VLinkage between Primary Agriculture Co-operative Banks & State Co-operative Banks. State Co-operative Banks Works at Highest level Presence can be all over different states. Registered as cooperative societies under the provisions of either the State Cooperative Societies Act of the State concerned or the Multi State Cooperative Societies Act, 2002 if the area of operation of the bank extends beyond the boundaries of one state. iiK pilKathpal
Rural Cooperative The long-term structures are further divided into - State CooperativeAgriculture and Rural Development Banks (SCARDS)- These operate at state-level Primary Cooperative Agriculture and Rural Development Banks (PCARDBS)-They operate at district/block level The rural banking cooperatives have a complex monitoring structure as they have a dual control which has led to many problems. A Forum called State Level Task Force on Cooperative Urban Banks (TAFCUB) has been set-up to look into issues related to duality in control. All banking activities are regulated by a shared arrangement between RBI and NABARD All management and registration activities are managed by RCS.
B. Canara Bank PO & IBPS Clerk 5000+ Daily News AnalySIS Season 1 Current Affairs July to December 2018 The Hindu & other ost December 2018 Kapil Kathpal By: By Kapil Kathpal By Kapil Kathpal 5000 MCQs Current Affairs: IBPS Clerk and Canara Bank PO (Hindi) The Hindu Analysis- Daily Current Affairs With MCQ. Sure Shot 90% marks in General Awareness
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