Comparative Study of Cooperative Bank Punjab & Haryana Region

Abstract

A cooperative bank is a financial institution that is owned by its members, who also double as the bank's owners and clients. People with a same interest from the same local or professional community frequently found it. It was established to support the social uplift of economically underprivileged groups and to shield them from the grasp of predatory lenders who give out loans to the needy at exorbitant interest rates. The ideas of cooperation, mutual aid, democratic decision-making, and open membership inform the co-operative structure's design. It adheres to the "no profit, no loss" and "one shareholder, one vote" tenets.