Role of Cooperative Banks in Economic Developments: An Empirical Study of Balangir District Central Cooperative Bank, Odisha

Abstract

As we know a lot of factors are important for an economic development, banking sector plays a pivotal role in Economic development of a country by collecting the extra fund in the form of savings from the general people and by disbursing the same as loan to needy. Successful of macro economic development depends upon micro development. In a country like India cooperative banks have significant impact on economy. They are registered under the cooperative society Act, 1992 & regulated by Reserve Bank of India under Banking Regulation Act, 1949. This study is based on the performance of Balangir district central cooperative bank, issues & operational efficiency.