International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

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ROLE OF CO-OPERATIVE BANK: - A REVIEW

    1 Author(s):  DR. RAHUL SAWLIKAR

Vol -  11, Issue- 10 ,         Page(s) : 57 - 59  (2020 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

Banks are the financial institution which deals in money and provide many subsidiary services. It is also called as an Institution for lending, borrowing, exchanging issuing or safe guarding money. Banks are those institutions which accept deposits from the general public for lending or investment and such deposit are repayable on demand. These deposits can also withdraw by way of cheque, drafts, orders etc. The BRA 1949 was extended to cover Co-operative Banks w.e.f 1st of April 1966. All Co-operative Banks whose paid-up capital is Rs One Lakh or more than Rs One Lakh comes under the control of RBI.

1. http://en.wickipedia.org/wiki/Co-operativeBank
2. Bhatia Dr. and Verna M. M. Dr., Indian Banking Law and Practice, Kitab Mahal, Allahabad 1979.
3. Kamawat S.C. and Matta Neelam, Organization of Commerce, Reliable Publication, Mumbai 2000.
4. D’Silva John, Co-operative Bankers, Hand Book Cum Diary 2007.
5. Dighe Sunil, The MS Co-operative Society Act 1960 and Rules 1961.

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