Difference between

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Hello frnds

Can anyone explain .....

What is the difference between cooperative society and cooperative banks???
 

Replies (3)

Ho it is Possible....... ?????? Two Different kind of topics have no difference..FRAME YOUR QUESTION !

u simply answer..my question is correct...

Co opearative society”. It is a voluntary association of persons

who work together to promote their economic interest. It works on the principle of self-help

as well as mutual help. The main objective is to provide support to the members. Nobody

joins a cooperative society to earn profit. People come forward as a group, pool their

individual resources, utilise them in the best possible manner, and derive some common

benefit out of it.

 

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 sharing a common interest. Co-operative banks generally provide their members with a wide range of banking and financial services (loans, deposits, banking accounts...).


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