What are Co-operative Banks?


0

Co-operative Banks

 

These banks are established for mobilizing small savings from poor people and advancing loans to the poor as well. They provide financial support to artisans, industrialists, professionals, workers, etc. They help free the rural villagers from the clutches of the money lenders and make available a source of credit for them.

 

 

 

Example:

Punjab Maharashtra Co-Op Bank Ltd.

Financial Highlights
(Rs. in Lakhs)

 

31/3/2002 – 31/3/2003

31/12/2002

30/09/2002

31/3/2002

Share Capital 1269.20 1093.04 981,92 848.86
Free Reserves 5432.50 5404.54 4951.15 2436.31
Deposits 85661.06 80800.00 78229.26 71326.88
Advances 53741.14 53678.10 51546.63 45161.86
Working Capital 95857.57 89973.00 86704.25 80072.39
Net Profits 1317.34 877.00 502.91 1115.78

 

 


Like it? Share with your friends!

0
BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected].

5 Comments


Warning: Undefined array key "html5" in /home/bmsnewco/public_html/wp-content/plugins/facebook-comments-plugin/class-frontend.php on line 140

Facebook comments: