BANKING AWARENESS-CO-OPERATIVE BANKS IN INDIA
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Co-Operative Banks in India is created to financing needs of agriculture, retail trade,small industry and self-employed business in urban, semi -urban and rural areas. A distinctive feature of the co-operative credit structure in India is its heterogeneity. The co-operative banking structure is differ from Urban, Rural and states.Urban areas are served by Rural Co-Operative Banks, Rural Areas are served by Rural Co-Operative Banks and State Co-Operative bank serves the whole state. The Co-Operative banking sector is the oldest segment of the Indian Banking System. In recent years Reserve Bank of India and National Agriculture and Rural Development Bank (NABARD) have taken several important steps to improve the Co-Operative Banking system in India.
There are total six types of co-operative banks are working in India and they are -
1.Primary Agriculture Credit Societies
2.Central Co-Operative Bank
3.State Co-Operative Bank
4.Primary Co-Operative Agricul ture and Rural Development Banks
5.State Co-Operative Agricul ture and Rural Development Banks
6.Urban Co-Operative Banks
As per march 2009 report, In India, there are around 1721 Urban Co-Operative banks and 1119 Rural Co-Operative Banks.
LIST OF CO-OPERATIVE BANKS IN INDIA:
Scheduled Urban Co-Operative Banks In India, at present, there are total 53 scheduled Urban Co-Operative banks in India.
1. Ahmedabad Mercantile Co-Op Bank Ltd.
2. Kalupur Commercial Coop.Bank Ltd.
3. Madhavpura Mercantile Co-Op Bank Ltd.
4. Mehsana Urban Co-Op Bank Ltd.
5. Nutan Nagarik Sahakari Bank Ltd.,
6. Rajkot Nagrik Sahakari Bank Ltd.
7. Sardar Bhiladwala Pardi Peoples Coop Bank Ltd.
8. Surat Peoples Coop Bank Ltd.
9. Amanath Co-operative Bank Ltd.
10. Andhra Pradesh Mahesh Co-Op Urban Bank Ltd.
11. Charminar Co-operative Urban Bank Ltd.
12. Vasavi Coop Urban Bank LImited.
13. Indian Mercantile Co-operative Bank Ltd.,
14. Abhyudaya Co-operative Bank Ltd.,
15. Bassein Catholic Co-operative Bank Ltd.
16. Bharat Co-operative Bank (Mumbai ) Ltd.
17. Bharati Sahakari Bank Limited.
18. Bombay Mercantile Co-operative Bank Limi ted
19. Ci tizen Credi t Co-operative Bank Ltd.,
20. Cosmos Co-operative Urban Bank Ltd.
21. Dombivli Nagari Sahakari Bank Ltd.
22. Goa Urban Co-operative Bank Limi ted.
23. Gopinath Patil Parsik Janata Sahakari Bank Ltd.,
24. Greater Bombay Co-operative Bank Limi ted
25. Jalgaon Janata Sahakari Bank Ltd.
26. Janakalyan Sahakari Bank Ltd.,
27. Janalaxmi Co-operative Bank Ltd.,
28. Janata Sahakari Bank Ltd.,
29. Kallappanna Awade Ichalkaranji Janata Sahakari B
30. Kalyan Janata Sahakari Bank Ltd.,
31. Karad Urban Co-operative Bank Ltd.
32. Mahanagar Co-operative Bank Ltd.,
33. Mapusa Urban Co-operative Bank of Goa Ltd.,
34. Nagar Urban Co-operative Bank Ltd.,
35. Nasik Merchant’s Co-operative Bank Ltd.
36. New India Co-operative Bank Ltd.,
37. NKGSB Co-operative Bank Ltd.,
38. Pravara Sahakari Bank Ltd.
39. Punjab & Maharashtra Co-operative Bank Ltd.
40. Rupee Co-operative Bank Ltd.
41. Sangli Urban Co-operative Bank Ltd.,
42. Saraswat Co-operative Bank Ltd.,
43. Shamrao Vithal Co-operative Bank Ltd.
44. Solapur Janata Sahakari Bank Ltd.
45. Thane Bharat Sahakari Bank Ltd.
46. Thane Janata Sahakari Bank Ltd.
47. The Kapol Co-operative Bank Ltd.,
48. Zoroastrian Co-operative Bank Ltd.,
49. Nagpur Nagrik Sahakari Bank Ltd.
50. Shikshak Sahakari Bank Ltd.,
51. The Akola Janata Commercial Co-operative Bank L
52. The Akola Urban Co-operative Bank Ltd.,
53. The Khamgaon Urban Co-operative Bank Ltd.
STATE CO-OPERATIVE BANKS:
1. The Andaman and Nicobar State Co-operative Bank Ltd.
2. The Andhra Pradesh State Co-operative Bank Ltd.
3. The Arunachal Pradesh State co-operative Apex Bank Ltd.
4. The Assam Co-operative Apex Bank Ltd.
5. The Bihar State Co-operative Bank Ltd.
6. The Chandigarh State Co-operative Bank Ltd.
7. The Delhi State Co-operative Bank Ltd.
8. The Goa State Co-operative Bank Ltd.
9. The Gujarat State Co-operative Bank Ltd.
10. The Haryana State Co-opertive Apex Bank Ltd.
11. The Himachal Pradesh State Co-operative Bank Ltd.
12. The Jammu and Kashmir State Co-operative Bank Ltd
13. The Karnataka State Co-operative Apex Bank Ltd.
14. The Kerala State Co-operative Bank Ltd.
15. The Madhya Pradesh Rajya Sahakari Bank Maryadi t
16. The Maharashtra State Co-operative Bank Ltd.
17. The Manipur State Co-operative Bank Ltd.
18. The Meghalaya Co-operative Apex Bank Ltd.
19. The Mizoram Co-operative Apex Bank Ltd.
20. The Nagaland State Co-operative Bank Ltd.
21. The Orissa State Co-operative Bank Ltd.
22. The Pondichery State Co-opertive Bank Ltd.
23. The Punjab State Co-operative Bank Ltd.
24. The Rajasthan State Co-operative Bank Ltd.
25. The Sikkim State Co-operative Bank Ltd.
26. The Tami l Nadu State Apex Co-operative Bank Ltd.
27. The Tripura State Co-operative Bank Ltd.
28. The Uttar Pradesh Co-operative Bank Ltd.
29. The West Bengal State Co-operative Bank Ltd.
30. The Chhattisgarh RajyaSahakari Bank Maryadit
31. The Uttaranchal Rajya Sahakari Bank Ltd.
NABARD (National Bank for Agricul ture and Rural Development):
National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India. The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD) under the Chairmanship of Shri B.Sivaraman, conceived and recommended the establishment of the National Bank for Agriculture and Rural Development(NABARD).The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD) was set up by the Reserve Bank of India (RBI). NABARD was established on 12 July 1982 by a special act by the parliament.
The main objective behind the set up of NABARD was to uplift rural India by increasing the credit flow for
elevation of agriculture & rural non farm sector.Government of India holds 99% stake in NABARD and currently 1% is held by the RBI. Initially, the RBI held 72.5 per cent of equity in NABARD but in October, 2012 the Reserve Bank of India (RBI) has divested 71.5 per cent stake amounting to Rs 1,430 crore in National Bank for Agriculture and Rural Development (NABARD) in favour of the government. NABARD is active in developing financial inclusion pol icy and is a member of the Alliance for Financial Inclusion.NABARD replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC).Headquarters of NABARD is si tuated in Mumbai , Maharashtra, India. The Present Chairman of NABARD is Dr. Prakash Bakshi .
Important Points to Remember about NABARD:
National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India.NABARD was established on the recommendations of Shivaraman Committee.NABARD was established by an act of Parliament on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981.NABARD replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC).Headquarters of NABARD is situated in Mumbai , Maharashtra, India.The Present Chairman of NABARD is Dr. Prakash Bakshi .NABARD completed its 25 years on 12 July 2007 and Completed its 30 year in 12 July, 2012.NABARD announced Rural Innovation award to celebrate i t’s 30th foundation day.
NON PERFORMING ASSETS (NPA) –
A Non-performing asset (NPA) is defined as a credit facility in respect of which the interest and/or instalment of principal has remained ‘past due’ for a specified period of time. Non-performing assets are one of the talking points of banks in their performance reports. Almost all banks in India is suffering from the problem of NPA. Here we have discussed the concept of Non-performing Assets. An Assets, including a leased asset, become an NPA when i t ceases to generate income for the bank. An NPA is a loan or an advance where ,The Interest and/or Installment of principal remain overdue for a period of more than ninety days in respect of a term loan,An account remains ‘out of order’ as indicated in the article below, in respect of an overdraft/cash credit (OD/CC).A bill remains overdue for a period of more than ninety days, in the case of bills purchased and discounted.An installment of the principal or the interest thereon remains overdue for one crop season for long duration crops.Banks should classify an account as an NPA only if the interest charged during any quarter is not serviced ful ly within ninety days from the end of the quarter.
‘Out of Order’ status: An account is treated as ‘out of order’, if the outstanding balance remains continuously in excess of the sanctioned limit/drawing power. In cases,where the outstanding balance in the operating account is less than the sanctioned limit/ drawing power, but there are not credi t continuously for
ninety days as on the date of balance sheet or credits are not enough to cover the interest debited during the same period, these accounts should be treated as ‘out of order’.
Categories of NPAs:
Banks are required to classify non-performing assets into the fol lowing three categories based on the period for which the asset has remained non-performing and reliability of the dues:Substandard Assets – An assets which remained a NPA for a period less than or equal to twelve months (With Effect from March 31,2005).Doubtful Assets -An assets would be classified as doubtful assets if it has remained as Substandard Assets fore more than twelve months(With Effect from March 31, 2005).Loss Assets – A loss assets is one, where the bank of internal or external auditors or the RBI inspection has identified the loss but the amount has not been wri tten off wholly. In other words, such l i ttle value that i t’s continuance as a bankable asset is not warranted al though there may be some salvage or recovery value
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