The origins of the cooperative banking movement in india can be traced to the close of 19th century when inspired by the success of the experiments related to the cooperative movement in britain and the cooperative credit movement in germany such societies were set up in india. A 2013 report by ilo concluded that cooperative banks outperformed their competitors during the financial crisis of 2007 2008.
The anantapur district central co operative bank ltdgowtham gowtham bank in anaiyur chittoor district co operative bank ltd.
Cooperative banks in india names. Banks in india view here the complete list of banks in india including sbi idbi public sector banks private sector banks foreign banks co operative banks and regional rural banks. The cooperative banking sector had 20 market share of the european banking sector but accounted for only 7 per cent of all the write downs and losses between the third quarter of 2007 and first quarter of 2011. Cooperative banks have limited branches in the country.
India post payments bank limited post office speed post center building market road new delhi 110001 delhi 38. India is home to numerous cooperative banks. Payments banks pbs 36.
Cooperative banks are an important constituent of the indian. The andaman and nicobar state co operative bank ltd. They are mostly concentrated in the states where they were originally established by some distinguished farmers or socially committed samaritans after obtaining license from the rbi.
Contentsshow in states andhra pradesh and telengana the adilabad district central co operative bank ltd. Airtel payments bank limited bharti crescent 1 nelson mandela road vasant kunj phase ii new delhi 110 070 delhi 37. In 2019 these top 10 cooperative banks will shape the way indians save and invest their money.
Fino payments bank limited sk elite 5th floor plot no d 404 and d 405 ttc. In april 2019 vijaya bank and dena bank were merged with bank of baroda. Gk general studies optional notes for upsc ias banking civil services.
Opening an account with cooperative banks is often better since they offer slightly higher interest rates and have lucrative schemes. Here we have covered the name of bank and its address details. On 30 august 2019 union finance minister nirmala sitaraman announced merger of six public sector banks psbs with four better performing anchor banks in order to streamline their operation and size two banks were amalgamated to.
They have achieved many landmarks since their creation and hav. Cooperative banks in india have become an integral part of the success of indian financial inclusion story. The following list is a complete list on the cooperative banks in india.
Templatecleanup this is a list of co operative banks in india.