A STUDY OF FINANCIAL SERVICES WITH SPECIAL REFERENCE TO KUMBHI KASARI CO-OPERATIVE BANK

The banking section will navigate through all the aspects of the Banking System in India. It will discuss upon the matters with the birth of the banking concept in the country to new players adding their names in the industry in coming few years. Banking in India in the modern sense originated in the last decades of the 18th century. The first banks were Bank of Hindustan (1770-1829) and The General Bank of India, established in 1786 and since defunct. The financial system and the economy have inter-relationship and the Indian financial structure has made with the rock foundation in Indian economy. The structure of Indian financial system is classified mainly into four groups that are financial institution, financial market, financial instruments and financial services. The scope of financial services has expanded without boundaries now-a-days since the advent of mammoth of financial products. Almost every now and then, new product is innovated and thereby the services are extended to every nook and corner. Thus the financial services have become part of life of common men and enable the development of society. The Kumbhi Kasari Co-Operative Bank Ltd. Kale.Was established in the year of 1999 by considering good location. Late ShriDatatrey Narke was the man behind formation of this bank and thus is the pioneer of co-operative movement in state. The Kumbhi Kasari Co-Operative Bank has created awareness among the people live in Kale about the importance of co-operative bank and benefits of saving. They created censoriousness about saving money in bank is like to keep money safe as well as secured. The Kumbhi Kasari Co-Operative Bank due to enthusiasm among the people got good responses regarding banking services. The specialty of this society is that there are different facilities reasonable rates of interest, services, interest for adult people and prestigious person under the guidance of experts. This co-operative bank is by the people of the people and for the people.