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Volume : I, Issue : V, June - 2011 Cooperative Banks and Global Financial Crisis Vandana Gautam and Dr. B.S. Bhatia Published By : Laxmi Book Publication Abstract : In the present scenario where the world has become global village, the impact of
recession at one place/industry affects all the linked industries as witnessed by the
recession of U.S market recently. In this paper an attempt has been made to assess
the impact of this global financial crisis on Indian rural credit market which is led
by cooperative banks. Any major impact on fund management, productivity, asset
quality and business growth of cooperative banks of Punjab has been analyzed.
The study concludes that cooperative banks have fortunately been able to weather
the financial crisis relatively well so far and have not required state support; this
is due to the fact that they have no exposure to toxic assets, a predominant focus on
domestic banking, straight forward banking products, strong capitalization, and
principally conservative risk management. In spite of cooperative banks being
resilient to the crisis some lessons need to be taken from the present scenario to
sustain its position in the competitive era. Keywords : Article : Cite This Article : Vandana Gautam and Dr. B.S. Bhatia, (2011). Cooperative Banks and Global Financial Crisis. Indian Streams Research Journal, Vol. I, Issue. V, http://oldisrj.lbp.world/UploadedData/215.pdf References : - The Analyst (October – 2009) “Indian Banking Sector, Signs of Risilience” (Pg. 26-52)
- Treasury Management (May – 2009) “Managing Banks During Global Slowdown” (Pg. 35-40)
- Vinimaya (Vol. XXX, No.1 – 2009-10) “Impact of Global Financial Meltdown and Emerging Challenges in Bank Lending” (Pg. 5-8)
- Professional Banker (January – 2010) “Recession and Bank Performance in India” Pg. 43-46)
- Contribution of EACB to the Expert Group Meeting on Cooperatives in a World Crisis United Nations, New York, 28-30 April 2009. “European Co-operative banks in financial and economic turmoil”
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