A STUDY ON EVOLUTION OF COOPERATIVE BANKS IN THANJAVOUR DISTRICT

Commerce

It is a well known fact that for any nation, banking system plays a vital role in the development of its sound economy. India is not an exception. Bankers are the identified custodians of the liquid capital of the country mobilized in the form of savings. Bankers are trustees of the surplus balances of the subjects of the country. The onerous duty of the banks lies in stimulating and mobilizing the economic surplus of the country. A well knit banking system secures a good foundation for a nation’s agricultural and industrial growth. The intermediary role played by the bankers in mobilizing the savings and utilizing them for the developmental activities ensures an uninterrupted integrated economic progress. India’s economic progress is twined with the progress of its vast rural and semi-urban areas, as it is rightly felt and pronounced by illuminated leaders that India lives in its villages. This article makes an attempt to study about evolution of co-operative banks in Thanjavour district in Tamilnadu.

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