What is the meaning of Scheduled and co-operative bank in India?

Question

What is the meaning of Scheduled and co-operative bank in India?

Answer 1

When the banks were nationalised some of the banks were kept on a joint basis but with the same functioning laws of the RBI. These banks are almost nationalized in the sense that they are mostly government owned over 50% shares and are strictly under the control of the RBI.

Co-Operative banks are not really banks as such, though they do banking business. We may call them co-operative credit societies, which are registered and governed by the cooperative laws of India and state laws. They are governed by the registrar of co-operative societies, and if they do banking business, they have to register with the RBI and meet some of its recent stipulations.

Answer 2

Scheduled banks are those which have Government stake.

Cooperative banking, also called Mutual savings and lending, exist in most parts of the world. This system offers financial services in a cooperative basis

Answer 3

i dont know ..man

Answer 4

Sheduled banks are the banks which are sheduled in a govt. list. and the co operative ones are  made by some people on commom co operative base.

Answer 5

SCHEDULED BANKS have government stakes (backup) and if anything goes wrong with the bank operations, government will support them.

COOPERATIVE BANKS are made by an Individual or a group of trusted people in a community or on small scale. Government approval is needed to start such bank, however government does not supports if anything wrong with these ones (which usually happens). SCHEDULED & NATIONALISED BANKS PREFERED...............

Answer 6

scheduled banks are regulariesed by RBI to operate as a bank which can have their connection to the NFS (national financial switch) by RBI.

There is no necessity for the goivernment to hold stakes in scheduled banks but it will follow the guidelines stipulated by RBi and RBI will monitor its activity every now and then.

so when it comes to liquidation or loss the loss to the depositors is very minimal.

but when it comes to co-operative banks the accounts can be given to the shareholders of that particular co-operative bank and they themselves can internally transact.eventhough they can issue cheques they cannot issue Demand Drafts and even if they issue such things it cannot be accepted by others.further to that the guidelines for co-operative bank is different .the difference is like between Pvt ltd company and a listed limited conpany.