Co-operative Banks

Co-operative banks are financial institutions owned and operated by their members, who are typically customers. Instead of aiming to maximize profits for external shareholders, these banks focus on serving their members' needs, offering services like savings accounts, loans, and payments. Profits are usually reinvested to improve services or distributed among members. They operate under cooperative principles, emphasizing democratic control—each member has equal voting rights regardless of account size. Co-operative banks are often community-oriented, aiming to support local development and financial inclusion while maintaining stability and trust through member participation.