In India, cooperative banks have become a critical component of the countrys economic prosperity. Since their inception, they have achieved a number of milestones, including assisting a typical rural Indian in becoming empowered and protected. The ideology of equality, equal health, and equity has given way to a focus on self-sufficiency and self-government, resulting in the formation of cooperatives. In India, cooperative banks have existed for than a century. The Agriculture Credit Cooperatives Act of 1904 gave birth to these banks. According to the role allocated to cooperatives, the expectations that cooperatives are expected to meet, their number, and the number of offices that cooperative banks run, cooperative banks are an essential component of the Indian financial system. The RBI regulates the cooperative bank as well. The Banking Regulation Act of 1949 and the Banking Laws (Cooperative Societies) Act of 1965 govern them. Despite the fact that the cooperative movement began in the West, the prominence that cooperative banks have gained in India is rarely matched anywhere else in the world. In India, cooperative banks continue to play an essential role in rural finance The number of primary cooperative banks has expanded dramatically in recent years, resulting in a tremendous surge in cooperative bank business in metropolitan areas.