Some time ago, RBI, taking action on Punjab and Maharashtra Co-operative Bank, had issued an order not to do any kind of work for the coming 6 months. Along with this, the Reserve Bank of India has also issued instructions to the customers of Punjab and Maharashtra Bank.  The withdrawal limit was set for  It is noteworthy that Punjab and Maharashtra Bank is one of the largest urban co-operative banks in the country, with total deposits of more than Rs 11,617 crore.  The way such a big cooperative bank of the country is facing crisis is a matter of concern for the cooperative banking system of the country.  It cannot be denied that co-operative banks have not only contributed to the progress of the banking system by connecting the common people in the villages and towns of the country, but have also played an important role in the development of the country's economy. The various levels of cooperative credit structure in India are systematically arranged so that the members can easily assimilate the true spirit and function of the cooperative movement, especially the practical part of this movement, it helps in increasing productivity, increasing employment.  Helps. And helps in reducing poverty in rural areas.  This article throws light upon the credit operations of co-operative banks in India.  This article discusses the cooperative banking system and its importance.  Along with this, the challenges faced by the cooperative banking system and the measures to solve it have also been mentioned.

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Keywords: Co-operative Banks, PMC Bank, Society, Co-operative Societies, NABARD, RBI.