A STUDY ON COMMERCIAL CO-OPERATIVE BANKS IN INDIA

The term Commercial Co-operative Banks (CCOB) not formally defined same as Urban Co-operative Banks. It may defined as “The Co-operative banks works in urban area and providing all services same as commercial banks and controlled by RBI, Banking regulation act 1949 and State Governments as per the provisions of respective State Acts.” The main functions of these banks to provide short term loan to businessman, traders, entrepreneurs etc. These banks are established under Co-operative act but provide all the services which provided by commercial banks like ATM, E-Banking, Housing Loan, Vehicle loans, Demat account facilities, Fund Transfer Facility, SMS facilities etc.