Cooperative Banks

Syllabus: Context: Recently, the central government announced the creation of a separate ‘ministry of co-operation’. The ministry will work to streamline processes for ‘ease of doing businesses for co-operatives and enable development of multi-state co-operatives (mscs). Cooperative banks in india have been struggling to survive for the last few years. According to thetrends and progress of banking in india report published by the reserve bank of india, urban commercial banks have witnessed a decline in deposits from 6.1 per cent in 2018-19 to 3.5 per cent in 2019-20. By the end of march 2020, the sector comprised 1,539 ucbs and 97,006....Read More