Information About Cooperative Banks And Regional Rural Banks In The Indian Banking Sector.

you have rural Co-operative Bank, so rural cooperative banks are a different kind of arrangement and this is the primary kind of difference so we call it UCBs and RCBs and this UCB the urban cooperative banks they are also different types so there are scheduled Urban Co-operative bank and non scheduled Urban Co-operative bank so the scheduled urban cooperative banks these are the banks which are listed under the second schedule of The Reserve Bank of India Act, and remember that these banks they can be Multi-State or they can be a single state, similarly here also the non scheduled UCBs they can be multistate they can be a single state, so as I told you about that the different multi-state societies act of 2002, they are going to come under if they are operating in more than one state so this is very possible that urban Cooperative Bank is operating in more than one state so remember that it’s very important to note,

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And now on the rural Cooperative Banks ide so we have short term and long term rural cooperative banks and in the short-term, this is very important the short-term rural Cooperative Bank, so first you must remember that at the top level at the state level we have the State Cooperative Bank so these are also called as SCBs just don’t get confused between the SCB which is scheduled commercial bank and the State Cooperative Bank, so the SCB the State Cooperative Bank it is heading the state level of the cooperative banking systems of the rural cooperative banks,

And you have the district Central cooperative banks the DCCB, sometimes these banks they are called Central cooperative banks remember this because sometimes people can confuse you by saying Central, but this central thing is actually at the district level so the state cooperative banks they are at the state level and the central cooperative banks it is at the district level so it is called the district Central cooperative banks,

Now let’s talk about the primary agricultural credit societies also known as PACS now this is at the village level and mostly Reserve Bank of India does not look into these kinds of things but they are also very important for financial inclusion and so that each and every villager can get access to credit, so PCS is at the bottom level village level, district Central cooperative Bank at the district level, and this one is at the state level, so that is the hierarchy of the short-term rural cooperative banks and then you have the long term rural cooperative banks there are SCARDBs and the PCARDBs and so what are the full forms of these so SCARDBs is called the State cooperative agriculture and rural development banks and the PCARDBs is the primary cooperative agriculture and rural development banks, so it’s quite a mouthful just remember short forms and that will be enough, so these are the entire structures that we have for the cooperative banking system in India very important that you understand the structure,

RRB the regional rural banks, remember that it was set up on 2nd October 1975 so Gandhi Jayanti of 1975 and the Narasimhan committee had recommended the regional rural banks in India, so that is very important, and the father of RRBs is MS Swaminathan very important to understand that MS Swaminathan is also the father of green revolution in India, I hope that you all know and this MS Swaminathan when he was going throughout the country and he was trying to uplift the farmers and help them to accept this revolution then he had found out that lack of credit was a problem, and he had instructed the government then formed the Narasimhan committee and finally they had the recommendations and RRBs were born,

I hope this article was helpful and informative for you, thank you.

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