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Cooperative banks

Cooperative banks are financial institutions that are owned and controlled by their members. They are typically formed to provide financial services to people who would not otherwise have access to them, such as low-income individuals or small businesses. Cooperative banks are regulated by the government, but they are not-for-profit organizations. Here are some subtopics about … Read more

Payment Banks

Here is a list of subtopics without any description for Payment Banks: Account opening and KYC Deposits and withdrawals Transfers Bill payments RemittancesRemittances UPI Net banking Mobile banking ATMs Loans Investments Insurance Other services Payment banks are a new type of bank that was created in India in 2015. They are designed to provide basic … Read more

Types of Banks

Here is a list of subtopics without any description for Types of Banks: Commercial Banks InvestmentInvestment-banksInvestment Banks Retail banks Private banks Central banks Cooperative banks Islamic banks Development Banks Mortgage banks SavingsSavings banks Credit unions Industrial banks Merchant banks Offshore banks Correspondent banks Universal banks Virtual banks Green banks Impact banks Community development banks Microfinance … Read more

Types of money

Commodity money Fiat money Representative money Credit money Electronic money Digital currency Central bank digital currency (CBDC) Cryptocurrency Stablecoin Decentralized finance (DeFi) Money is a medium of exchange, a unit of account, and a store of value. It is used to facilitate transactions between buyers and sellers, to measure the value of goods and services, … Read more

Cooperatives in India

Cooperatives in India Cooperatives are an important part of the Indian economy. They play a vital role in providing essential goods and services to millions of people, and they help to promote economic development and social justice. There are over 600,000 cooperatives in India, with a membership of over 100 million people. Cooperatives are involved … Read more

Cooperative Societies

Cooperative Societies A cooperative society is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled enterprise. Cooperative societies are owned and controlled by their members, who are typically the people who use the cooperative’s services. This means that cooperatives … Read more

Types of Bills

Types of Bills A bill is a proposed law that is presented to a legislature for consideration. Bills can be introduced by members of the legislature, the executive branch, or the public. Once a bill is introduced, it is assigned to a committee for review. The committee may hold hearings and mark up the bill, … Read more