Rakesh Shrivas

• Maintained and built close relationships with customers through regular contact and visits.

· Supporting Microfinance:

Some cooperative banks also engage in microfinance activities, providing financial services to small entrepreneurs and low-income individuals.· Regulated by RBI:

Cooperative banks are regulated by the Reserve Bank of India (RBI) under the Banking Regulation Act, 1949, and the Banking Laws (Application to Cooperative Societies) Act, 1965.

· Financial Inclusion and Rural Development:

Cooperative banks play a crucial role in extending financial services to rural areas and marginalized communities, promoting financial inclusion and economic development.

· Providing Credit to Farmers and Small Businesses:

They focus on providing credit facilities to farmers and small businesses, enabling them to access finance for their activities.