We’re an independent co-op based in the East of England, owned by over 260,000 members. Our members and local community share in our success. Every year, part of our profit goes back to our members as dividend, along with investment into our communities.

We’re a consumer co-op entirely owned by over 280,000 members – our customers, colleagues and the local community. We provide stores and services to towns and villages across 2,000 square miles in four counties – Norfolk, Suffolk, Essex and Cambridgeshire.

1844, Rochdale, United Kingdom

We’re owned by over 260,000 members who each have an equal say in how our business is run.

19,114 km²

Openfield Agriculture

Brazil

CrŽdit Agricole Group

Norway followed (2.06), then Uruguay (2.02) and Canada (1.93). Spain, Finland, Argentina, Iceland, France and Great Britain make up the top 10. Ed Mayo believes it is “fitting” that Brazil ranks as the most co-operative nation on Earth.

The Co-operative Group, trading as the Co-op, is a British consumer co-operative with a diverse family of retail businesses including food retail and wholesale; e-pharmacy; insurance services; legal services and funeral care. The Co-operative Group has over 63,000 employees across the UK.

According to the index, Co-op Food is the most improved supermarket in the food retail sector, despite the average food retail sector customer satisfaction falling year on year by 1.1 points, to 80.1.

The Co-Operative is definitely more expensive than the big 4 supermarkets, but most of their stores are convenience sized rather than superstore sized so they can probably get away with higher prices because people don’t mind paying for convenience.

This statistic displays the number of food stores belonging to the Co-operative Group Ltd in the United Kingdom (UK) from 2011 to 2020. The number of Co-operative group food stores amounted to 2,801 in 2011, which has decreased to 2,613 by 2020.

Tesco

The sole shareholder of the Co-operative Bank Finance plc is the Co-operative Bank Holdings Ltd which is a private company limited by share capital. According to the Bank’s 2019 accounts, the holding company is owned by hedge funds and other asset management companies.

rate the Co-operative Bank 4/5 for communication, customer service, applications, transparency of charges, online banking, and complaints handling. The Co-op also scored 3/5 for service in-branch and value for money.

Understand that all commercial, as well as cooperative banks, are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC). The exceptions are Primary Cooperative Societies. Each depositor of a bank will be covered for a maximum deposit of up to Rs. 1 Lakh.

Shri Ramanbhai D. Patel, Chairman, Co-op. Bank of Ahmdabad, Ahmedabad.

Robert Owen (1771–1858) is considered as the father of the cooperative movement.

Anyonya Co-operative Bank Limited

The changes to The Banking Regulation Act approved by Parliament in September 2020, brought cooperative banks under the direct supervision of the RBI. The amended law has given RBI the power to supersede the board of directors of cooperative banks after consultations with the concerned state government.

Which bank is not regulated by RBI?

• a. State Bank of Sikkim.
• b. State Bank of Travancore.
• c. IDBI.
• d. Axis.
• State Bank of Sikkim is not regulated by Reserve Bank of India unlike other banks in India. State Bank of Sikkim is a state-owned banking institution headquartered at Gangtok, Sikkim, India.

There are three key points of difference between scheduled commercial banks and co-operative banks. Two, unlike commercial banks which are structured as joint stock companies, UCBs are structured as co-operatives, with their members carrying unlimited liability.

Urban cooperative banks failures occur with alarming regularity. Their numbers fell from 1,926 in 2004 to 1,551 in 2018, as per RBI data. There were stock market scams in 1992 and 2001 arising out of fraudulent banking. Then there was the Indian Bank scam in 1996.

Nationalised Banks are set up under the Government of India by Act of Parliament, while Cooperative Banks are those banks that are set up registering under Banking Regulation Act and are owned by cooperative societies.

The Department of Co-operative Bank Regulation (DCBR) regulates State Co- operative Banks (StCBs), District Central Co-operative Banks (DCCBs) and Urban Cooperative Banks (UCBs).

Here are three types of co-operative banks operating in our country. They are primary credit societies, central cooperative banks and state co-operative banks. These banks are organized at three levels, village or town level, district level and state level.

Types of Banks: They are given below:

• Commercial Banks: These banks play the most important role in modern economic organisation.
• Exchange Banks: Exchange banks finance mostly the foreign trade of a country.
• Industrial Banks:
• Agricultural or Co-operative Banks:
• Savings Banks:
• Central Banks:
• Utility of Banks:

Top 10 Cooperative Banks in India

• Saraswat Cooperative Bank.
• Cosmos Cooperative Bank.
• Shamrao Vithal Cooperative Bank.
• Abhyudaya Co-operative Bank Ltd.
• Bharat Cooperative Bank.
• TJSB Cooperative Bank.
• Punjab & Maharashtra Co-operative Bank.
• Janata Cooperative Bank.