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How can I start a cooperative bank in India?
Yes, but can you tell me what exactly is a cooperative bank?
A cooperative bank is a financial institution that is owned and controlled by its members, who are typically customers of the bank as well. The profits of the bank are shared among the members, and the members also participate in the bank's governance by electing a board of directors. Cooperative banks are typically formed to provide banking services to people who may not have access to traditional banks, such as farmers, small businesses, and low-income individuals.