Features of Co-operative Banks: Customer Owned Entities: Co-operative bank members are both customer and owner of the bank. Democratic Member Control: These banks are owned and controlled by the members, who democratically elect a board of directors. Members usually have equal voting rights, according to the cooperative principle of “one person, one vote”. Profit Allocation: A significant part of the yearly profit, benefits or surplus is usually allocated to constitute reserves and a part of this profit can also be distributed to the co-operative members, with legal and statutory limitations. Financial Inclusion: They have played a significant role in the financial inclusion of unbanked rural masses. They provide cheap credit to masses in rural areas.
The PM-DevINE Scheme will have an outlay of Rs.6,600 crore, this scheme is related to which of the following?
Cess on coal at ₹ 100 per ton is a type of
Which of the following statements is/are incorrect regarding the Monetary Policy Committee (MPC)?
I. It decides the RBI’s...
Which of the following state has the highest length of national highway?
Which of the following statement/s is/are correct regarding Factories Act 1881?
I. Factory means where 10 or...
Under the Payment of Wages Act, 1936, wages shall be paid to an employee within a period of _____ days from the last day of the wage period.
Which Institute has launched a new online training programme called 'Space Science and Technology Awareness Training (START)' for post-graduate and fina...
A set of 5 parallel lines is intersected by another set of 4 parallel lines so as to form a number of parallelograms. How many parallelograms can be for...
Match List-I (Railway Zone) with List-II (Headquarters) and select the correct answer using the code given below the lists:
List-I (Railway Zone)...
Which one of the following is the main reason for decrease in the per capita income?