commercial organization

A STUDY OF CO-OPERATIVE BANKS AND SOME CHALLENGES (A CASE OF THE VARACHHA CO-OPERATIVE BANK)

The origins of the urban co-operative banking movement in India can be traced to the close of nineteenth century. These co-operative societies are based on the principles of co-operation, mutual help, cooperative decision making and open membership.

The term co-operative Banks, though non-formally defined, refers to primary co-operative banks located in urban and semi-urban areas. These banks till 1996, were allowed to lend money only for non-agricultural purposes.