State cooperative banks in india– the pinnacle of three-tier cooperative banking in a particular state
Cooperative banking has managed a reasonably firm footing in the banking sector predominated by commercial banks. These are the apex form of cooperative banks operating in a particular state. RBI issues separate licenses for State Cooperative banks. They are regulated by the State Cooperative societies act and Banking regulation act, 1949.
Distinct features of state cooperative banks
- Being the apex bank, they do not lend money directly to its lenders. They supply an indirect credit facility by financing Central cooperative banks and primary cooperative societies.
- It arranges capital in the form of shares, loans to primary cooperative societies, deposits with the RBI and overdraft facility provided by the latter.
- State Cooperative banks are the sole custodian of cooperative banking services in a particular state.
- At present, there are 33 State Cooperative banks in India like Andhra Pradesh state cooperative bank ltd, Chhattisgarh state cooperative bank ltd, etc.
Primary functions of state cooperative banks in India
- It is the only watchdog of cooperative banking in a particular state.
- Supplies necessary credit to primary cooperative societies and district level cooperative banks at the time of financial crisis.
- The link between RBI and cooperative banks of a particular state.
List of State Cooperative Banks – SCBs
1 | Andaman and Nicobar State Co-operative Bank |
2 | AP State Co-operative Bank |
3 | Arunachal Pradesh State Co-operative Apex Ban |
4 | Assam Co-operative Apex Bank |
5 | Bihar State Co-operative Bank |
6 | Chandigarh State Co-operative Bank |
7 | Chhattisgarh Rajya Sahakari Bank Maryadit |
8 | Delhi State Co-operative Bank |
9 | Goa State Co-operative Bank ltd |
10 | Gujarat State Cooperative Agriculture and Rural Development Bank Lt. |
11 | Gujarat State Co-operative Bank |
12 | Haryana State Co-operative Apex Bank |
13 | Himachal Pradesh State Co-operative Bank |
14 | Jammu and Kashmir State Co-operativ Bank |
15 | Jharkhand State Co-operative Bank |
16 | Karnataka State Co-operative Apex Bank Bangalore |
17 | Kerala State Co-operative Bank |
18 | Madhya Pradesh Rajya Sahakari Bank Maryadit |
19 | Maharashtra State Co-operative Bank |
20 | Manipur State Co-operative Bank |
21 | Meghalaya Co-operative Apex Bank |
22 | Mizoram Co-operative Apex Bank |
23 | Nagaland State Co-operative Bank |
24 | Odisha State Co-Operative Bank |
25 | Pondichery State Co-operative Bank |
26 | Punjab State Co-operative Bank |
27 | Rajasthan State Co-operative Bank |
28 | Sikkim State Co-operative Bank |
29 | The Tamil Nadu State Apex Co-operative Bank |
30 | Telangana State Co-Operative Apex Bank Limited |
31 | Tripura State Co-operative Bank |
32 | Uttar Pradesh Co-operative Bank |
33 | Uttarakhand State Co-operative Bank |
34 | West Bengal State Co-operative Bank |