Co-operative Banks in India: Functioning and Reforms

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Co-operative Banks are an integral part of the Indian financial system.  They comprise urban co-operative credit institutions.  Co-operative banks in India are more than 100 years old.  Urban Co-operative Banks (UCBs)-also referred to as primary co-operative banks-play an important role in meeting the growing credit needs of urban and semi-urban areas of the country.  UCBs mobilize savings from the middle and lower income groups and purvey credit to small borrowers, including weaker sections of the society.  Scheduled UCBs are under closer regulatory and supervisory framework of the RBI.  Rural co-operative banks operate mainly for the benefit of rural areas, particularly the agricultural sector.

Though much smaller as compared to scheduled to commercial banks, co-operative banks constitute an important segment of the Indian banking system.  They have an extensive branch network and reach out to people in remote areas.  They have traditionally played an important role in creating banking habits among the lower and middle-income groups and in strengthening the rural credit delivery system.

This book-focusing on UCBs – provides a vivid account of the functioning of co-operative credit institutions in India including recent reforms.  Besides, it includes a case study of the working of UCBs in the Indian state of West Bengal

ABOUT THE AUTHOR Amit Basak

Amit Basak is Senior Lecturer and Head of the Commerce Department, Susil Kar College, Champahati, South 24 Parganas, West Bengal.  He obtained his Ph. D. degree from Burdwan University in 2008.  He successfully completed a research project titles “NPA Management of Urban Co-operative Banks in West Bengal” funded by University Grants Commission (UGC), New Delhi.  He has authored 2 books and published a number of articles in reputed journals.  He is associated with Netaji Subhash Open University and St. Xavier's College, Kolkata in various capacities.  He was a member of the Pay Revision Committee of the Nabapally Co-operative Bank Ltd., West Bengal.

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Bibliographic information

Title
Co-operative Banks in India: Functioning and Reforms
Author
Edition
1st ed.
Publisher
ISBN
9788177082500
Length
xiii+189p., References; Appendix; Bibliography; Index; 23cm
Subjects