Human Resources Development Division Head Office, 7, Bhikaiji Cama Place, New Delhi -110607

Ayadi
et
al.
(2009)
argue
that
different
institutional
forms
should
coexist
and
should
be
made
sufficiently
strong
so
that
they
have
a
fair
chance
of
emerging
successfully
from
the
struggle
in
which
different
forms
of
organizing
banking
activity
compete
with
each
other.
They
argue
that
diversity
in
the
field
of
financial
intermediaries
is
only
a
positive
thing
and
that
policy
measures
should
be
taken
to
preserve
diversity.
According
to
Fonteyne
(2007),
cooperative
banks
may
be
more
vulnerable
to
certain
shocks,
including
credit
quality
and
interest
rate
developments,
but
the
possibilities
to
manage
these
vulnerabilities
are
increasing.
Interestingly,
Rasmusen
(1988)
pointed
out
that
if
the
business
environment
becomes
less
risky,
the
advantages
of
mutuals
over
stocks
decrease
and
their
importance
in
financial
markets
declines.
However,
because
the
recent
past
...
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Human Resources Development Division Head Office, 7, Bhikaiji Cama Place, New Delhi -110607