Volume : III, Issue : XI, November - 2013

A Study on Solvency Position of Dharmapuri District Central Co–Operative Bank Ltd

V. Palanivel, Dr. C. Manikanda Muthukumar

Abstract :

A co–operative bank is a financial entity which belongs to its members, who are at the same time the owners and the customers of their bank. Co–operative banks are often created by persons belonging to the same local or professional community or shå a common interest. Co–operative banks generally provide their members with a wide range of banking and financial services (loans, deposits, banking accounts etc). The co–operative banks are expected to perform some duties, namely, extend all types of credit facilities to customers in cash and kind, advance consumption loans, extend banking facilities in rural areas, mobilize deposits, supervise the use of loans etc. The needs of co–operative bank are different. They have faced a lot of problems, which has affected the development of co–operative banks. Cooperative societies are based on the principles of cooperation, – mutual help, democratic decision making and open membership. Cooperatives represented a new and alternative approach to organisaton as against proprietary firms, partnership firms and joint stock companies which represent the dominant form of commercial organisation.

Keywords :

Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

V. Palanivel, Dr. C. Manikanda Muthukumar / A Study on Solvency Position of Dharmapuri District Central Co-Operative Bank Ltd / Indian Journal of Applied Research, Vol.3, Issue.11 November 2013

Number of Downloads : 704

References :