{"id":86217,"date":"2022-06-14T12:35:00","date_gmt":"2022-06-14T07:05:00","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=86217"},"modified":"2022-06-20T15:56:42","modified_gmt":"2022-06-20T10:26:42","slug":"public-sector-banks-and-cooperative-banks","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/","title":{"rendered":"Public Sector Banks And Cooperative Banks | JAIIB Study Notes"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#Public_Sector_Banks_And_Cooperative_Banks\" >Public Sector Banks And Cooperative Banks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#IIBF_JAIIB_Legal_and_Regulatory_Aspects_of_Banking_Exam_Pattern\" >IIBF JAIIB Legal and Regulatory Aspects of Banking Exam Pattern<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#JAIIB_Study_Material_Compilation\" >JAIIB Study Material Compilation<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>State Bank of India and its subsidiaries, Nationalized Banks of India, and Regional Rural Banks are public sector banks under special statutes. This article deals with the Public Sector Banks And Cooperative Banks, their functions, management, business, and concepts important for JAIIB exams.<\/p>\n\n\n\n<div class=\"wp-block-buttons aligncenter is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.oliveboard.in\/jaiib\/?ref=cont-soum\" target=\"_blank\" rel=\"noreferrer noopener\">Take JAIIB Mock Test Right Now<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Public_Sector_Banks_And_Cooperative_Banks\"><\/span>Public Sector Banks And Cooperative Banks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">State Bank And Its Subsidiaries<\/h3>\n\n\n\n<p>As a nationalized bank, State Bank and its subsidiary banks engage in the business of banking and other permissible banking activities. In 1955 the State Bank Of India Act, Section 3, established the State Bank Of India as the successor to the Imperial Bank Of India. Reserve Bank of India holds the most shares. The Reserve Bank is free to transfer its shares, but cannot do so if doing so would result in reducing its holdings below 50% of the issued capital. Only the Reserve Bank has voting rights above 10%.<\/p>\n\n\n\n<p>Managing Director and Chairman are appointed for a term of five years, with the option to be reappointed at the end of that term. The Government may terminate their employment by giving 3 months&#8217; notice or notice pay in lieu of it after consulting with the Reserve Bank. Nationalized banks and the State Bank act as agents for the Reserve Bank in conducting banking business on behalf of the Central Government.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Subsidiary Banks<\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li>SBH State Bank of Hyderabad Act, 1956<\/li><li>SBS Saurashtra State banks (amalgamation) Ordinance, 1950<\/li><li>All other banks State Bank Of India (Subsidiary Banks) Act, 1959<\/li><\/ol>\n\n\n\n<p>State Bank Of India owns the majority of the shares. The State Bank may freely transfer its shares in accordance with Section 18 of the Act, but State Bank cannot transfer its shares if this would reduce its shareholding to less than 50%.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Management Of Subsidiary Bank<\/h4>\n\n\n\n<p>The Board consists of the Chairman of the State Bank (ex-officio chairman), the Managing Director, and other directors. With the approval of the Reserve Bank, the state bank appoints the Managing Director after consulting with the subsidiary bank&#8217;s board.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Business Of Subsidiary Bank<\/h4>\n\n\n\n<p>Under Section 36 of the SBI Subsidiary Act, a subsidiary bank must act as an agent of the State Bank.<\/p>\n\n\n\n\n\n<h3 class=\"wp-block-heading\">Regional Rural Banks<\/h3>\n\n\n\n<p>In 1975, they were created under the RRB Ordinance 1975. The ordinance was later replaced by the RRB Act, 1976. In terms of Section 3 of the RRB Act, the Central Government was authorized to establish RRBs on the request of Sponsor Banks in the official gazette. Capital Issued Ratio (50:35:15) (Cental Government: Sponsor Bank: State Government). Located in limited geographical areas, regional rural banks cater to rural industries, trade, farmers, artisans, and others.<\/p>\n\n\n\n<div class=\"wp-block-buttons aligncenter is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.oliveboard.in\/jaiib\/?ref=cont-soum\" target=\"_blank\" rel=\"noreferrer noopener\">Take JAIIB Mock Test Right Now<\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Nationalized Banks<\/h3>\n\n\n\n<p>The Bank Nationalisation Act 1970 and Banking Companies (Acquisition and Transfer of Undertaking) Act 1980. Private banks&#8217; undertakings were transferred to the corresponding new banks, commonly referred to as nationalized banks.<\/p>\n\n\n\n<p>Paid-up Capital. Originally, the entire Paid-up Capital of these banks was held by the government. Some of these banks recently issued shares to the public, but the government still holds majority stakes in all of them. The shares, other than the shares held by the Central Government, are freely transferable. SBI Act 4 Divide capital into shares with a face value of Rs.10 each instead of Rs.100<\/p>\n\n\n\n<p>There was a modification to the restriction on voting rights (200 shares only) and a deletion to the restriction on dividend for BC(A&amp;T)3 with an authorized capital of Rs.1,500 crore divided into shares of Rs.10.<\/p>\n\n\n\n<div class=\"wp-block-buttons aligncenter is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.oliveboard.in\/jaiib\/?ref=cont-soum\" target=\"_blank\" rel=\"noreferrer noopener\">Take JAIIB Mock Test Right Now<\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">The Banking Companies (Acquisition and Transfer of Undertakings)<\/h3>\n\n\n\n<p>All public sector banks are governed by their respective, statutes and the rules, regulations, or schemes made under these statutes. In addition to this, these banks are also governed by certain provisions of the Banking Regulation Act, as stipulated in Section 51 of that Act. The provisions of the Reserve Bank of India Act are also applicable to them.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Cooperative Banks<\/h3>\n\n\n\n<p>Cooperative banks are cooperative societies that engage in the banking business. The cooperative banks that operate only in one state are governed by the state&#8217;s laws on cooperatives.<\/p>\n\n\n\n<p>A cooperative bank operating in more than one state is registered under the multi-state Cooperative Societies Act. Cooperative banks are subject to the Banking Regulation Act as set forth in Section 56, but with certain modifications. Co-operative banks are, in this context, state cooperative banks, central cooperative banks, and primary cooperative banks.<\/p>\n\n\n\n<p>Despite the fact that the bank&#8217;s constitution is governed by cooperative laws, the activities of the bank are regulated by the Reserve Bank under the BR Act.<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>If a cooperative bank operates in only one state the state law applies and in case cooperative banks operate in more than one state, the Central Act applies.<\/li><li>A cooperative bank means a state cooperative bank, a central cooperative bank, and a primary cooperative bank.<\/li><\/ol>\n\n\n\n<p><strong>The following loans and advances shall not be granted by a cooperative bank:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Loans and advances against its own shares.<\/li><li>Unsecured loans or advances to any of its directors<\/li><li>Directors interest<\/li><li>Unsecured loans and advances in which the Chairman managing agent etc.<\/li><\/ol>\n\n\n\n<p>We hope this article on Public Sector Banks And Cooperative Banks is helpful to you. Keep watching this space for more IIBF JAIIB Legal and Regulatory Aspects of Banking study notes.<\/p>\n\n\n\n<div class=\"wp-block-buttons aligncenter is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.oliveboard.in\/jaiib\/?ref=cont-soum\" target=\"_blank\" rel=\"noreferrer noopener\">Take JAIIB Mock Test Right Now<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"IIBF_JAIIB_Legal_and_Regulatory_Aspects_of_Banking_Exam_Pattern\"><\/span>IIBF JAIIB Legal and Regulatory Aspects of Banking Exam Pattern<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Organization<\/td><td>Indian Institute of Banking &amp; Finance (IIBF)<\/td><\/tr><tr><td>Exam<\/td><td>Junior Associate of Indian Institute of Bankers (JAIIB)<\/td><\/tr><tr><td>Exam Name<\/td><td>Legal and Regulatory Aspects of Banking (LRAB)<\/td><\/tr><tr><td>Total Questions<\/td><td>120 Objective &#8211; Multiple Choice Questions (MCQs)<\/td><\/tr><tr><td>Total Marks<\/td><td>100 Marks<\/td><\/tr><tr><td>Passing Marks<\/td><td>50 Marks<\/td><\/tr><tr><td>Test Duration<\/td><td>2 Hours (120 Minutes)<\/td><\/tr><tr><td>Exam Language<\/td><td>English Hindi<\/td><\/tr><tr><td>Exam Mode<\/td><td>Online (Computer Based Test)<\/td><\/tr><tr><td>Negative Marking<\/td><td>Not Applicable<\/td><\/tr><tr><td>Exam Fees<\/td><td><strong>JAIIB Legal and Regulatory Aspects of Banking Certification Registration Fees<\/strong><br>1st attempt = Rs.2,400\/-<br>2nd attempt = Rs.1,000\/-<br>3rd attempt = Rs.1,000\/-<br>4th attempt = Rs.1,000\/-<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"JAIIB_Study_Material_Compilation\"><\/span><strong>JAIIB Study Material Compilation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Principles And Practices Of Banking&nbsp;<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/principles-and-practices-of-banking\/\">Principles And Practices Of Banking | Study Notes For JAIIB (oliveboard.in)<\/a><\/td><\/tr><tr><td>Reserve Bank of India<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/banking-awareness-notes-reserve-bank-of-india-rbi\/\">Reserve Bank of India: Organisation &amp; Functions \u2013 Oliveboard<\/a><\/td><\/tr><tr><td>Types Of Shares And Their Issue<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/types-of-shares-and-their-issue\/\">Types Of Shares And Their Issue- Types, Classification, Bonus Shares (oliveboard.in)<\/a><\/td><\/tr><tr><td>Understanding The Balance Sheet And Its Format<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/understanding-the-balance-sheet-and-its-format\/\">Understanding The Balance Sheets And It\u2019s Format (oliveboard.in)<\/a><\/td><\/tr><tr><td>Accounting And Finance For Bankers<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/accounting-and-finance-for-bankers\/\">Accounting And Finance For Bankers | Study Notes For JAIIB (oliveboard.in)<\/a><\/td><\/tr><tr><td>Assets &amp; Liabilities&nbsp;<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/assets-liabilities\/\">Assets &amp; Liabilities \u2013 Meaning, Legal Requirements and more (oliveboard.in)<\/a><\/td><\/tr><tr><td>Public Sector Banks And Cooperative Banks<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/\">Public Sector Banks And Cooperative Banks | JAIIB Study Notes (oliveboard.in)<\/a><\/td><\/tr><tr><td>Calculation of Interest and Annuities<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/calculation-of-interest-and-annuities\/\">Calculation of Interest and Annuities-Business Mathematics For JAIIB (oliveboard.in)<\/a><\/td><\/tr><tr><td>Calculation of YTM<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/calculation-of-ytm\/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=calculation-of-ytm\">Calculation of YTM(Yield to Maturity)-Basics of Business Mathematics (oliveboard.in)<\/a><\/td><\/tr><tr><td>Consumer Protection Act<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/consumer-protection-act\/\">Consumer Protection Act COPRA- Free Pdf Notes for JAIIB 2022 (oliveboard.in)<\/a><\/td><\/tr><tr><td>Risk and Basic Risk Management Framework<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/risk-and-basic-risk-management-framework-jaiib\/\">Risk and Basic Risk Management Framework JAIIB | Oliveboard<\/a><\/td><\/tr><tr><td>Risks in Banking Business<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/risks-in-banking-business\/\">Risk in Banking Business<\/a><\/td><\/tr><tr><td>Functions of Bank<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/functions-of-bank\/\">Functions of Bank \u2013 Short Notes for JAIIB Exam | Oliveboard<\/a><\/td><\/tr><tr><td>Consumer Protection Act\u2013 COPRA<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/consumer-protection-act\/\">Consumer Protection Act\u2013 COPRA for JAIIB I Oliveboard<\/a><\/td><\/tr><tr><td>Banking Ombudsman Scheme&nbsp;<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/banking-ombudsman-scheme-jaiib\/\">Banking Ombudsman Scheme for JAIIB I Oliveboard<\/a><\/td><\/tr><tr><td>Essentials of Bank Computerization<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/essentials-of-bank-computerization\/\">Essentials of Bank Computerization<\/a> <a href=\"https:\/\/www.oliveboard.in\/blog\/essentials-of-bank-computerization\/\">for JAIIB I Oliveboard<\/a><\/td><\/tr><tr><td>Payments and Collecting Cheques<\/td><td><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=cont-sou&amp;cat=jaiib&amp;next=https:\/\/bit.ly\/Payment-collection-of-cheques-JAIIB\">Payment and Collection of Cheques and Other Negotiable Instruments for JAIIB I Oliveboard<\/a><\/td><\/tr><tr><td>Data Communication Network<\/td><td><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=cont-sou&amp;cat=jaiib&amp;next=https:\/\/bit.ly\/data-communication-EFT-JAIIB\">Data Communication Network and EFT Systems for JAIIB I Oliveboard<\/a><\/td><\/tr><tr><td>Technology Upgradation and its impact<\/td><td><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=cont-sou&amp;cat=jaiib&amp;next=https:\/\/bit.ly\/technology-upgradation-its-impacts\">Role of Technology Upgradation and its impact on Banks JAIIB I Oliveboard<\/a><\/td><\/tr><tr><td>Foreign Exchange Arithmetic<\/td><td><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=cont-soum&amp;cat=jaiib&amp;next=https:\/\/bit.ly\/foreign-exchange-arithmetic\">Foreign Exchange Arithmetic Free Ebook for JAIIB I Oliveboard<\/a><\/td><\/tr><tr><td>Indian Financial System- Overview<\/td><td><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=cont-soum&amp;cat=jaiib&amp;next=https:\/\/bit.ly\/IFS-Overview\">Indian Financial System- Overview for JAIIB I Oliveboard<\/a><\/td><\/tr><tr><td>Security Considerations&nbsp;<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/security-considerations-for-jaiib\/\">Security Considerations: IT Security &amp; IT Audit for JAIIB I Oliveboard<\/a>&nbsp;&nbsp;<\/td><\/tr><tr><td>Capital Budgeting&nbsp;<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/capital-budgeting-for-jaiib\/\">Capital Budgeting: Features, Methods and Process For JAIIB I Oliveboard<\/a><\/td><\/tr><tr><td>Depreciation and its accounting<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/depreciation-and-its-accounting\/\">Depreciation and Its Accounting for JAIIB I Oliveboard<\/a><\/td><\/tr><tr><td>Functions of Bank&nbsp;<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/functions-of-bank-relationships-norms-others\/\">Functions of Bank- Relationships, Norms &amp; Others<\/a><\/td><\/tr><tr><td>SARFAESI Act 2002<\/td><td><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=cont-soum&amp;cat=jaiib&amp;next=https:\/\/bit.ly\/sarfaesi-act-2002\">SARFAESI Act, 2002: Facts and Method of Working for JAIIB I Oliveboard<\/a><\/td><\/tr><tr><td>Bankers&#8217; Special Relationship<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/bankers-special-relationship\/\">Bankers&#8217; Special Relationship for JAIIB I Oliveboard<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Also Read:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-exam-analysis-afb\/\">JAIIB Exam Analysis 2022 I Paper 2 \u2013 AFB I Feb 2022<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-exam-analysis-ppb\/\">JAIIB Exam Analysis 2022 I Paper 1 \u2013 PPB I Feb 2022<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/blog\/preparation-tips-for-jaiib\/\">Preparation Tips for JAIIB Exam- Last Minute Strategy<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-revision-plan-2022\/\">JAIIB Revision Plan- Last 10 Days Plan<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-frequently-asked-questions\/\">JAIIB Frequently Asked Questions- 2022| Check Here (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-questions-pdf\/\">JAIIB Genius | JAIIB Weekly Quiz PDF \u2013 JAIIB Questions PDF (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-full-form\/\">JAIIB Full Form \u2013 Junior Associate of the Indian Institute of Bankers (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-and-caiib-books\/\">JAIIB and CAIIB Books- Exams Syllabus, Books, and more (oliveboard.in)<\/a><\/li><\/ol>\n\n\n\n<p>Also Check:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/\">JAIIB 2022 Exam -Notification Released (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/notification\">JAIIB Notification 2022 \u2013 Notification PDF, Eligibility, (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/application-form\">JAIIB Apply Online \u2013 Application Form 2022, Fees, Instru (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/eligibility\">JAIIB Eligibility \u2013 Age, Degree, Nationality, Members (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/syllabus\">JAIIB Syllabus \u2013 Complete List of Papers, Modules (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/exam-pattern\">JAIIB Exam Pattern 2022 \u2013 Details of Pattern, Marking (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/admit-card\">JAIIB Admit Card November 2022 \u2013 Steps and Direct Download (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/cut-offs\">JAIIB 2022 Cut Offs \u2013 Check JAIIB Minimum Cut Off (oliveboard.in)<\/a><\/li><\/ol>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1638271230972\"><strong class=\"schema-faq-question\">When was the first law, regulating the working of cooperative societies, was promulgated by British India Government?<\/strong> <p class=\"schema-faq-answer\">1904<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1638271434742\"><strong class=\"schema-faq-question\">Where was the first society under Cooperative Societies Act 1904 registered in India?<\/strong> <p class=\"schema-faq-answer\">Kanjipooram<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1638271447703\"><strong class=\"schema-faq-question\">Who regulates the functioning of District Cooperative Banks in India?<\/strong> <p class=\"schema-faq-answer\">RBI<\/p> <\/div> <\/div>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/www.oliveboard.in\/blog\/indian-financial-system-handwritten-notes\/\" aria-label=\"Indian Financial System Handwritten Notes, Download PDF\"><img loading=\"lazy\" decoding=\"async\" width=\"128\" height=\"84\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2022\/11\/JAIIB-1.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"\" style=\"\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/indian-financial-system-handwritten-notes\/\">Indian Financial System Handwritten Notes, Download PDF<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-2026-expected-questions\/\" aria-label=\"JAIIB 2026 Questions from Repetitive Topics, Download Free PDF\"><img loading=\"lazy\" decoding=\"async\" width=\"128\" height=\"84\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2024\/08\/JAIIB-6-1.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"\" style=\"\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-2026-expected-questions\/\">JAIIB 2026 Questions from Repetitive Topics, Download Free PDF<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/www.oliveboard.in\/blog\/ppb-previous-year-question-paper-pdf\/\" aria-label=\"Attempt JAIIB PPB Previous Year Practice Quiz, Download PDF\"><img loading=\"lazy\" decoding=\"async\" width=\"128\" height=\"84\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2023\/12\/JAIIB-5-1.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"\" style=\"\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/ppb-previous-year-question-paper-pdf\/\">Attempt JAIIB PPB Previous Year Practice Quiz, Download PDF<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-and-ifs-last-15-days-study-plan\/\" aria-label=\"JAIIB IE and IFS Last 15 Days Study Plan, Check Details\"><img loading=\"lazy\" decoding=\"async\" width=\"128\" height=\"84\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/10\/JAIIB-2-1-1.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"\" style=\"\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-and-ifs-last-15-days-study-plan\/\">JAIIB IE and IFS Last 15 Days Study Plan, Check Details<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/www.oliveboard.in\/blog\/difference-between-jaiib-and-caiib\/\" aria-label=\"Difference Between JAIIB &amp; CAIIB, Eligibility, Exam Pattern\"><img loading=\"lazy\" decoding=\"async\" width=\"128\" height=\"84\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/11\/JAIIB-1-3.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"\" style=\"\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/difference-between-jaiib-and-caiib\/\">Difference Between JAIIB &amp; CAIIB, Eligibility, Exam Pattern<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-rbwm-exam-analysis\/\" aria-label=\"JAIIB RBWM Exam Analysis for 17th May 2026, Shift-wise Review\"><img loading=\"lazy\" decoding=\"async\" width=\"128\" height=\"84\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/11\/JAIIB-2-1-2.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"\" style=\"\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-rbwm-exam-analysis\/\">JAIIB RBWM Exam Analysis for 17th May 2026, Shift-wise Review<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>State Bank of India and its subsidiaries, Nationalized Banks of India, and Regional Rural Banks are public sector banks under<\/p>\n","protected":false},"author":2,"featured_media":98589,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10353],"tags":[],"class_list":["post-86217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jaiib","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Public Sector Banks And Cooperative Banks | JAIIB Study Notes<\/title>\n<meta name=\"description\" content=\"This article deals with the Public Sector Banks And Cooperative Banks, their functions, management, business, and concepts for JAIIB\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Public Sector Banks And Cooperative Banks | JAIIB Study Notes\" \/>\n<meta property=\"og:description\" content=\"State Bank of India and its subsidiaries, Nationalized Banks of India, and Regional Rural Banks are public sector banks under special statutes. This\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-14T07:05:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-20T10:26:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/12\/Feature-Images-18.png\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Oliveboard\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oliveboard\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/\"},\"author\":{\"name\":\"Oliveboard\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/7657050f0aa0f8460f6451ecd9073711\"},\"headline\":\"Public Sector Banks And Cooperative Banks | JAIIB Study Notes\",\"datePublished\":\"2022-06-14T07:05:00+00:00\",\"dateModified\":\"2022-06-20T10:26:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/\"},\"wordCount\":1532,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/12\/Feature-Images-18.png\",\"articleSection\":[\"JAIIB\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#respond\"]}]},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/\",\"name\":\"Public Sector Banks And Cooperative Banks | JAIIB Study Notes\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/12\/Feature-Images-18.png\",\"datePublished\":\"2022-06-14T07:05:00+00:00\",\"dateModified\":\"2022-06-20T10:26:42+00:00\",\"description\":\"This article deals with the Public Sector Banks And Cooperative Banks, their functions, management, business, and concepts for JAIIB\",\"breadcrumb\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#breadcrumb\"},\"mainEntity\":[{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271230972\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271434742\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271447703\"}],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#primaryimage\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/12\/Feature-Images-18.png\",\"contentUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/12\/Feature-Images-18.png\",\"width\":730,\"height\":480},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JAIIB-CAIIB \/ Promotion Exams\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/category\/jaiib-caiib-promotion\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"JAIIB\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/category\/jaiib-caiib-promotion\/jaiib\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Public Sector Banks And Cooperative Banks | JAIIB Study Notes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/\",\"name\":\"Oliveboard\",\"description\":\"Free Govt. Exam Alerts &amp; Resources\",\"publisher\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.oliveboard.in\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\",\"name\":\"Oliveboard\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png\",\"contentUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png\",\"width\":150,\"height\":40,\"caption\":\"Oliveboard\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Oliveboard\",\"https:\/\/x.com\/Oliveboard\",\"https:\/\/www.instagram.com\/oliveboard.in\/\",\"https:\/\/www.youtube.com\/channel\/UCRvrHAyNdOMI_JBkE2pjZtw?sub_confirmation=1\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/7657050f0aa0f8460f6451ecd9073711\",\"name\":\"Oliveboard\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1c0b13e3b34158f8065a6d3ff47be8543df2a165d3f4089a121e19993617d606?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1c0b13e3b34158f8065a6d3ff47be8543df2a165d3f4089a121e19993617d606?s=96&d=mm&r=g\",\"caption\":\"Oliveboard\"},\"description\":\"The most comprehensive online preparation portal for MBA, Banking and Government exams. Explore a range of mock tests and study material at www.oliveboard.in\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271230972\",\"position\":1,\"url\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271230972\",\"name\":\"When was the first law, regulating the working of cooperative societies, was promulgated by British India Government?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"1904\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271434742\",\"position\":2,\"url\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271434742\",\"name\":\"Where was the first society under Cooperative Societies Act 1904 registered in India?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Kanjipooram\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271447703\",\"position\":3,\"url\":\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271447703\",\"name\":\"Who regulates the functioning of District Cooperative Banks in India?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"RBI\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Public Sector Banks And Cooperative Banks | JAIIB Study Notes","description":"This article deals with the Public Sector Banks And Cooperative Banks, their functions, management, business, and concepts for JAIIB","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/","og_locale":"en_US","og_type":"article","og_title":"Public Sector Banks And Cooperative Banks | JAIIB Study Notes","og_description":"State Bank of India and its subsidiaries, Nationalized Banks of India, and Regional Rural Banks are public sector banks under special statutes. This","og_url":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/","og_site_name":"Oliveboard","article_publisher":"https:\/\/www.facebook.com\/Oliveboard","article_published_time":"2022-06-14T07:05:00+00:00","article_modified_time":"2022-06-20T10:26:42+00:00","og_image":[{"width":730,"height":480,"url":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/12\/Feature-Images-18.png","type":"image\/png"}],"author":"Oliveboard","twitter_card":"summary_large_image","twitter_creator":"@Oliveboard","twitter_site":"@Oliveboard","twitter_misc":{"Written by":"Oliveboard","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#article","isPartOf":{"@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/"},"author":{"name":"Oliveboard","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/7657050f0aa0f8460f6451ecd9073711"},"headline":"Public Sector Banks And Cooperative Banks | JAIIB Study Notes","datePublished":"2022-06-14T07:05:00+00:00","dateModified":"2022-06-20T10:26:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/"},"wordCount":1532,"commentCount":0,"publisher":{"@id":"https:\/\/www.oliveboard.in\/blog\/#organization"},"image":{"@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#primaryimage"},"thumbnailUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/12\/Feature-Images-18.png","articleSection":["JAIIB"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#respond"]}]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/","url":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/","name":"Public Sector Banks And Cooperative Banks | JAIIB Study Notes","isPartOf":{"@id":"https:\/\/www.oliveboard.in\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#primaryimage"},"image":{"@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#primaryimage"},"thumbnailUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/12\/Feature-Images-18.png","datePublished":"2022-06-14T07:05:00+00:00","dateModified":"2022-06-20T10:26:42+00:00","description":"This article deals with the Public Sector Banks And Cooperative Banks, their functions, management, business, and concepts for JAIIB","breadcrumb":{"@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271230972"},{"@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271434742"},{"@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271447703"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#primaryimage","url":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/12\/Feature-Images-18.png","contentUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/12\/Feature-Images-18.png","width":730,"height":480},{"@type":"BreadcrumbList","@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.oliveboard.in\/blog\/"},{"@type":"ListItem","position":2,"name":"JAIIB-CAIIB \/ Promotion Exams","item":"https:\/\/www.oliveboard.in\/blog\/category\/jaiib-caiib-promotion\/"},{"@type":"ListItem","position":3,"name":"JAIIB","item":"https:\/\/www.oliveboard.in\/blog\/category\/jaiib-caiib-promotion\/jaiib\/"},{"@type":"ListItem","position":4,"name":"Public Sector Banks And Cooperative Banks | JAIIB Study Notes"}]},{"@type":"WebSite","@id":"https:\/\/www.oliveboard.in\/blog\/#website","url":"https:\/\/www.oliveboard.in\/blog\/","name":"Oliveboard","description":"Free Govt. Exam Alerts &amp; Resources","publisher":{"@id":"https:\/\/www.oliveboard.in\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.oliveboard.in\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.oliveboard.in\/blog\/#organization","name":"Oliveboard","url":"https:\/\/www.oliveboard.in\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png","contentUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png","width":150,"height":40,"caption":"Oliveboard"},"image":{"@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Oliveboard","https:\/\/x.com\/Oliveboard","https:\/\/www.instagram.com\/oliveboard.in\/","https:\/\/www.youtube.com\/channel\/UCRvrHAyNdOMI_JBkE2pjZtw?sub_confirmation=1"]},{"@type":"Person","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/7657050f0aa0f8460f6451ecd9073711","name":"Oliveboard","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1c0b13e3b34158f8065a6d3ff47be8543df2a165d3f4089a121e19993617d606?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1c0b13e3b34158f8065a6d3ff47be8543df2a165d3f4089a121e19993617d606?s=96&d=mm&r=g","caption":"Oliveboard"},"description":"The most comprehensive online preparation portal for MBA, Banking and Government exams. Explore a range of mock tests and study material at www.oliveboard.in"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271230972","position":1,"url":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271230972","name":"When was the first law, regulating the working of cooperative societies, was promulgated by British India Government?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"1904","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271434742","position":2,"url":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271434742","name":"Where was the first society under Cooperative Societies Act 1904 registered in India?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Kanjipooram","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271447703","position":3,"url":"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/#faq-question-1638271447703","name":"Who regulates the functioning of District Cooperative Banks in India?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"RBI","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/86217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/comments?post=86217"}],"version-history":[{"count":5,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/86217\/revisions"}],"predecessor-version":[{"id":98590,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/86217\/revisions\/98590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media\/98589"}],"wp:attachment":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media?parent=86217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/categories?post=86217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/tags?post=86217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}