What is the difference between Government bank and Cooperative Bank?

Cooperative Banks vs Public Sector Banks The difference between Cooperative Banks and Public Sector Banks is that while Public Sector Banks lend loans to businessmen, companies, Cooperative Banks generally help farmers with loans. These institutions offer various standard banking and financial services.

What are Nationalised banks?

When a private sector bank is bought by the government, it becomes a nationalized bank. This process is known as nationalization. Similarly, when the government sells a public sector bank to a person or company, it becomes a privatized bank. This process is known as privatization.

Is cooperative bank regulated by the government?

In contrast, the Cooperative Banks are operated and regulated by the individual person and not by the Government of India. Is Cooperative Bank a Nationalised bank? But most of the banks that people use are either private (which makes up a major chunk of the numbers) or nationalised banks.

What is the difference between a nationalised bank and private bank?

Difference between Nationalised Banks and Private Banks. Key Difference: A nationalised bank is any commercial bank that is bought and controlled by the government. Private banks are owned, controlled and managed by an individual or conducted by a partnership. Banking is a very important term in our lives.

What is the difference between cooperative bank and public sector bank?

There is a lot of difference between a Nationalised (Public Sector) bank and a Cooperative Bank viz: Shareholing:. Shares of PSBs are held by Government of India. Shares of a Cooperative Bank are held by its members. PSBs require huge capital base. Cooperative Bank’s capital requirement is less.

How many co-operative banks are there in India?

As per the website of RBI, there are 31 state Co-operative banks, 370 central Co-operative banks and 81 commercial banks (20 government and 61 private) working in India. Banking regulation act, 1949 is completely applicable to all the commercial banks of India while Co-operative banks are partially obliged to follow this act.