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What is the difference between cooperative banks and commercial banks?

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posted Jun 20 by Divya Shree

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1 Answer

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The main objective of a Commercial Bank is to accept deposits from public for the purpose of lending to industry and commerce.
The main objective of a Co-operative Bank is to accept deposits from the members and the public for the purpose of providing loans to farmers and small businessmen with a motto of service.
Commercial banks operate over a larger area. Some commercial banks even have branches in foreign countries.

answer Jun 21 by Niharika Singh
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