Survived

The Punjab Cooperative Bank That Survived Partition, Militancy and Demonetisation — Still Standing

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The Punjab Cooperative Bank That Survived Partition, Militancy and Demonetisation — Still Standing

In the winter of 1947, a clerk at a small cooperative credit office in Lahore stuffed ledger books into a jute sack, crossed a border that hadn’t existed six months earlier, and reported for duty in a half-built office in Amritsar. That institution — the Punjab State Cooperative Bank (PSCB) — would go on to … Read more

Why Cooperatives Survived Every Economic Crisis While Companies Collapsed

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Why Cooperatives Survived Every Economic Crisis While Companies Collapsed

When Lehman Brothers filed for bankruptcy in September 2008, carrying $619 billion in liabilities, it became the largest corporate collapse in American history and an instant symbol of how catastrophically fragile investor-driven institutions can become. What barely made financial headlines that same week was that Rabobank — a Dutch cooperative bank founded by farmers in … Read more