Generally a co-operative bank is a small-sized, financial entity, where its members are the owners and customers of the Bank. They are regulated by the Reserve Bank of India and are registered under the State’s Cooperative Societies Act. Cooperative banks run with the cooperative principle of one person, one vote. Co-operative banks are often regulated under both banking and cooperative legislation.

#CooperativeBanks have been opened with the motto of ‘no-profit-no-loss’ and thus, do not seek for profitable ventures and customers only. As the name suggests, the main objective of Co-operative Banks is mutual help. Cooperative banks have played a major role in providing financial support to the rural sector.

Cooperatives have a rich history in India and have been an integral part of the country's development since Independence. With over 10 lakh cooperatives, of which 1.5 lakh are financial cooperatives, India's cooperative movement has enormous potential to promote growth, formalize the economy, and reduce inequality.

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