Co-Operative Bank Case Study

CHAPTER-1
INTRODUCTION

1.1 Introduction:
People are crazy about money. Majority are here to become rich and money has become the basic goal of education. The more developed nation, the more the standard of living of the people. People want more money to cater to their needs and at a point of time they don’t hesitate to have money from any source.
Financial crime is the hot topic in today’s world. From terrorism financing to fraud to money laundering, it is a growing concern to all the organizations.
As funds are tighter, jobs are scarcer and people turn to other means to put food on the table, those alternative means all too often are illegal activities.

They provide short term & medium term loans to their members.
Co-operative banks are in every state in India. Its branches at district level are known as the central co-operative bank. The central co-operative bank in turn has its branches both in the urban & rural areas. Every state co-operative bank is an apex bank which provides credit facilities to the central co-operative bank. It mobilized financial resources from richer section of urban population by accepting deposit and creating the credit like commercial bank and borrowing from the money market. It also gets funds from RBI.
2.1.7 INTRODUCTION TO BANKING SYSTEM
Banking system of a nation is the shadow of nation’s economy. A healthy and profitable banking system is just like the backbone of nation’s economy. It is necessary for a nation to achieve growth and remain stable in this global world and global economy. The Indian banking system, with one of the largest banking networks in the world, has witnessed a series of reforms over the past few years like the deregulation of interest rates, dilution of the government stake in public sector banks (PSBs) and the increased participation of private sector