BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Anyonya Co-operative Bank Limited
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Bombay Co-operative Bank Limited
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Jamnagar Co-operative Bank Limited
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The Hindu Co-operative Bank Limited
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Detailed explanation-1: -Anyonya Co-operative Bank Limited (ACBL) located in the city of Vadodara (formerly Baroda) in Gujarat, is the first co-operative bank in India.
Detailed explanation-2: -The most prominent amongst the early credit societies was the Bombay Urban Co-operative Credit Society, sponsored by Vithaldas Thackersey and Lallubhai Samaldas established on January 23, 1906..
Detailed explanation-3: -In 1844 a group of 28 artisans working in the cotton mills in the town of Rochdale, in the north of England established the first modern cooperative business, the Rochdale Equitable Pioneers Society, also known as the Rochdale Pioneers.
Detailed explanation-4: -It is originated in India with the enactment of the Co-operative Credit Societies Act of 1904. The Anyoya Co-operative Bank was the first Co-operative Bank in Asia.
Detailed explanation-5: -Anyonya Sahakari Mandali, established in 1889 in the province of Baroda, is the earliest known cooperative credit union in India.