Managerial and Financial Performance of Central Cooperative Banks

The Central Co-operative Banks being a link between Apex Bank and primary societies play a vital role in the co-operative movement. The CCBs are working like living heart, arteries and veins for the circulation of credit in the economy through financial institutions for economic development of people on the principle of ‘higher the velocity of circulation, higher the economic development’. These Co-operative Organizations are instrumental to the success of the Co-operative Movement. In spite of the progress recorded during the war period, the Co-operative Banking Organizations in many parts of the country were weak and needed considerable rationalization at the time of launching of the First Five Year Plan. Thus, the managerial and financial performance of the central cooperative banks plays a vital role in the economic development of the nation.