A commercial bank is one that was established for commercial purposes, with the primary goal of profiting from its banking
operations.A commercial bank is a financial organization that takes public deposits and provides loans for consumption and
profit-making investment.
Commercial banks’ main function is to offer financial services to the general public and businesses, maintaining
economic and social stability as well as long-term economic progress.
Co-operative banks are owned by its cooperative society members and operated by them. These members have the power to
influence credit policy. This means that a co-operative bank’s customers are also its proprietors. These financial
organisations provide a full diverse array banking and financial services. The cooperative banking system was established
to encourage individuals to save and invest, particularly in rural areas of the country.
Cooperative banks are owned and run by their members with a shared goal: to offer financial services to farmers and small
business owners. It is based on cooperative ideals such as open membership, democratic decision-making, and mutual
assistance.