Cooperative banks
Cooperative banks are owned by their customers and follow the cooperative principle of one person, one vote. Co-operative banks are often regulated under both banking and cooperative legislation. They provide services such as savings and loans to non-members as well as to members, and some participate in the wholesale markets for bonds, money and even equities.[1] Many cooperative banks are traded on public stock markets, with the result that they are partly owned by non-members. Member control is diluted by these outside stakes, so they may be regarded as semi-cooperative.
Cooperative banking systems are also usually more integrated than credit union systems. Local branches of co-operative banks select their own boards of directors and manage their own operations, but most strategic decisions require approval from a central office. Credit unions usually retain strategic decision-making at a local level, though they share back-office functions, such as access to the global payments system, by federating.
Some cooperative banks are criticized for diluting their cooperative principles. Principles 2-4 of the "Statement on the Co-operative Identity" can be interpreted to require that members must control both the governance systems and capital of their cooperatives. A cooperative bank that raises capital on public stock markets creates a second class of shareholders who compete with the members for control. In some circumstances, the members may lose control. This effectively means that the bank ceases to be a cooperative. Accepting deposits from non-members may also lead to a dilution of member control.
List of State Cooperative Banks in India:
Andaman and Nicobar State Co-operative Bank
Andhra Pradesh State Co-operative Bank
Arunachal Pradesh State Co-operative Apex Bank
Assam Co-operative Apex Bank
Bihar State Co-operative Bank
Chandigarh State Co-operative Bank
Chhattisgarh Rajya Sahakari Bank Maryadit
Delhi State Co-operative Bank
Goa State Co-operative Bank
Gujarat State Co-operative Bank
Haryana State Co-operative Apex Bank
Himachal Pradesh State Co-operative Bank
Jammu and Kashmir State Co-operativ Bank
Jharkhand State Co-operative Bank
Karnataka State Co-operative Apex Bank Bangalore
Kerala State Co-operative Bank
Madhya Pradesh Rajya Sahakari Bank Maryadit
Maharashtra State Co-operative Bank
Manipur State Co-operative Bank
Meghalaya Co-operative Apex Bank
Mizoram Co-operative Apex Bank
Nagaland State Co-operative Bank
Odisha State Co-Operative Bank
Pondichery State Co-operative Bank
Punjab State Co-operative Bank
Rajasthan State Co-operative Bank
Sikkim State Co-operative Bank
The Tamil Nadu State Apex Co-operative Bank
Telangana State Co-Operative Apex Bank Limited
Tripura State Co-operative Bank
Uttar Pradesh Co-operative Bank
Uttarakhand State Co-operative Bank
West Bengal State Co-operative Bank
Urban Cooperative Banks (UCBs)
List of Scheduled Urban Cooperative Banks in India:
Apna Sahakari Co-Op Bank Ltd
Ahmedabad Mercantile Co-Op Bank
Kalupur Commercial Coop. Bank
Mehsana Urban Co-Op Bank
Shivalik Mercantile Co-Op Bank
Nutan Nagarik Sahakari Bank
Rajkot Nagrik Sahakari Bank
Sardar Bhiladwala Pardi Peoples Coop Bank
Surat Peoples Coop Bank
Rajdhani Nagar Sahkari Bank
Adhyapaka Urban Co-operative Bank
Andhra Pradesh Mahesh Co-Op Urban Bank
Indian Mercantile Co-operative Bank
Abhyudaya Co-operative Bank
Bassein Catholic Co-operative Bank
Bharat Co-operative Bank (Mumbai)
Bharati Sahakari Bank
Bombay Mercantile Co-operative Bank
Citizencredit Co-operative Bank
Dombivli Nagari Sahakari Bank Ltd
Goa Urban Co-operative Bank
Gopinath Patil Parsik Janata Sahakari Bank
Greater Bombay Co-operative Bank
Jalgaon Janata Sahakari Bank
Janakalyan Sahakari Bank
Janalaxmi Co-operative Bank
Janata Sahakari Bank
Junagadh Commercial Co-operative Bank
Kallappanna Awade Ichalkaranji Janata Sahakari Bank
Kalyan Janata Sahakari Bank
Karad Urban Co-operative Bank
Mahanagar Co-operative Bank
Mapusa Urban Co-operative Bank of Goa
Nagar Urban Co-operative Bank
Nasik Merchant's Co-operative Bank
New India Co-operative Bank
NKGSB Co-operative Bank
Pravara Sahakari Bank
Punjab & Maharashtra Co-operative Bank
Rupee Co-operative Bank
Sangli Urban Co-operative Bank
Saraswat Co-operative Bank
Shamrao Vithal Co-operative Bank
Solapur Janata Sahakari Bank
Thane Bharat Sahakari Bank
The Kapole Co-operative Bank
TJSB Sahakari Bank
Zoroastrian Co-operative Bank
Nagpur Nagrik Sahakari Bank
Shikshak Sahakari Bank
Akola Janata Commercial Co-operative Bank
Akola Urban Co-operative Bank
Khamgaon Urban Co-operative Bank
Muneshwra swamy BANK
Eenadu Urban Co Operative Bank
Rohit Kataria Co-Operative Bank
Dakshin Barasat Service Co-Operative Society Private Limited; Dakshin Barasat, Kolkata
Sangli District Primary Teachers Bank Ltd, Sangli
Chartered Mercantile M.B. Ltd, Lucknow, U.P.
LIC of India Staff Co Operative Bank. H.O Pattom Thiruvananthapuram
Akhand Anand Co-Op Bank
Varchha Co-op Bank
The Surat District Co-Op Bank Ltd
The Sutex Co-Op Bank Ltd.
The Bardoli Nagarik Sahakari Bank Ltd.
Cooperative banks are owned by their customers and follow the cooperative principle of one person, one vote. Co-operative banks are often regulated under both banking and cooperative legislation. They provide services such as savings and loans to non-members as well as to members, and some participate in the wholesale markets for bonds, money and even equities.[1] Many cooperative banks are traded on public stock markets, with the result that they are partly owned by non-members. Member control is diluted by these outside stakes, so they may be regarded as semi-cooperative.
Cooperative banking systems are also usually more integrated than credit union systems. Local branches of co-operative banks select their own boards of directors and manage their own operations, but most strategic decisions require approval from a central office. Credit unions usually retain strategic decision-making at a local level, though they share back-office functions, such as access to the global payments system, by federating.
Some cooperative banks are criticized for diluting their cooperative principles. Principles 2-4 of the "Statement on the Co-operative Identity" can be interpreted to require that members must control both the governance systems and capital of their cooperatives. A cooperative bank that raises capital on public stock markets creates a second class of shareholders who compete with the members for control. In some circumstances, the members may lose control. This effectively means that the bank ceases to be a cooperative. Accepting deposits from non-members may also lead to a dilution of member control.
List of State Cooperative Banks in India:
Andaman and Nicobar State Co-operative Bank
Andhra Pradesh State Co-operative Bank
Arunachal Pradesh State Co-operative Apex Bank
Assam Co-operative Apex Bank
Bihar State Co-operative Bank
Chandigarh State Co-operative Bank
Chhattisgarh Rajya Sahakari Bank Maryadit
Delhi State Co-operative Bank
Goa State Co-operative Bank
Gujarat State Co-operative Bank
Haryana State Co-operative Apex Bank
Himachal Pradesh State Co-operative Bank
Jammu and Kashmir State Co-operativ Bank
Jharkhand State Co-operative Bank
Karnataka State Co-operative Apex Bank Bangalore
Kerala State Co-operative Bank
Madhya Pradesh Rajya Sahakari Bank Maryadit
Maharashtra State Co-operative Bank
Manipur State Co-operative Bank
Meghalaya Co-operative Apex Bank
Mizoram Co-operative Apex Bank
Nagaland State Co-operative Bank
Odisha State Co-Operative Bank
Pondichery State Co-operative Bank
Punjab State Co-operative Bank
Rajasthan State Co-operative Bank
Sikkim State Co-operative Bank
The Tamil Nadu State Apex Co-operative Bank
Telangana State Co-Operative Apex Bank Limited
Tripura State Co-operative Bank
Uttar Pradesh Co-operative Bank
Uttarakhand State Co-operative Bank
West Bengal State Co-operative Bank
Urban Cooperative Banks (UCBs)
List of Scheduled Urban Cooperative Banks in India:
Apna Sahakari Co-Op Bank Ltd
Ahmedabad Mercantile Co-Op Bank
Kalupur Commercial Coop. Bank
Mehsana Urban Co-Op Bank
Shivalik Mercantile Co-Op Bank
Nutan Nagarik Sahakari Bank
Rajkot Nagrik Sahakari Bank
Sardar Bhiladwala Pardi Peoples Coop Bank
Surat Peoples Coop Bank
Rajdhani Nagar Sahkari Bank
Adhyapaka Urban Co-operative Bank
Andhra Pradesh Mahesh Co-Op Urban Bank
Indian Mercantile Co-operative Bank
Abhyudaya Co-operative Bank
Bassein Catholic Co-operative Bank
Bharat Co-operative Bank (Mumbai)
Bharati Sahakari Bank
Bombay Mercantile Co-operative Bank
Citizencredit Co-operative Bank
Dombivli Nagari Sahakari Bank Ltd
Goa Urban Co-operative Bank
Gopinath Patil Parsik Janata Sahakari Bank
Greater Bombay Co-operative Bank
Jalgaon Janata Sahakari Bank
Janakalyan Sahakari Bank
Janalaxmi Co-operative Bank
Janata Sahakari Bank
Junagadh Commercial Co-operative Bank
Kallappanna Awade Ichalkaranji Janata Sahakari Bank
Kalyan Janata Sahakari Bank
Karad Urban Co-operative Bank
Mahanagar Co-operative Bank
Mapusa Urban Co-operative Bank of Goa
Nagar Urban Co-operative Bank
Nasik Merchant's Co-operative Bank
New India Co-operative Bank
NKGSB Co-operative Bank
Pravara Sahakari Bank
Punjab & Maharashtra Co-operative Bank
Rupee Co-operative Bank
Sangli Urban Co-operative Bank
Saraswat Co-operative Bank
Shamrao Vithal Co-operative Bank
Solapur Janata Sahakari Bank
Thane Bharat Sahakari Bank
The Kapole Co-operative Bank
TJSB Sahakari Bank
Zoroastrian Co-operative Bank
Nagpur Nagrik Sahakari Bank
Shikshak Sahakari Bank
Akola Janata Commercial Co-operative Bank
Akola Urban Co-operative Bank
Khamgaon Urban Co-operative Bank
Muneshwra swamy BANK
Eenadu Urban Co Operative Bank
Rohit Kataria Co-Operative Bank
Dakshin Barasat Service Co-Operative Society Private Limited; Dakshin Barasat, Kolkata
Sangli District Primary Teachers Bank Ltd, Sangli
Chartered Mercantile M.B. Ltd, Lucknow, U.P.
LIC of India Staff Co Operative Bank. H.O Pattom Thiruvananthapuram
Akhand Anand Co-Op Bank
Varchha Co-op Bank
The Surat District Co-Op Bank Ltd
The Sutex Co-Op Bank Ltd.
The Bardoli Nagarik Sahakari Bank Ltd.
