co-operative bank & nationalise bank
(Querist) 17 May 2008
This query is : Resolved
what is the difference between a co-operative bank and a nationalised bank.
(Expert) 19 May 2008
Nationalised banks are those banks in which Government of India has the controlling stake, i.e. more than 50% shares. Rest of the Banks are private bank. In private banks, some are private banking companies and some are cooperative banks. Cooperatives banks are not Scheduled banks (mentioned in the Schedule of RBI ACT) and enjoy some privileges.