BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which was the first Cooperative Bank established in India?
A
Bharat Co-operative Bank Limited
B
Kangra Central Co-operative Bank Limited
C
Anyonya Co-operative Bank Limited
D
Abhyudaya Co-operative Bank
Explanation: 

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: -Sri Siddanagouda Sanna Ramanagouda Patil organized the first Agricultural Credit Coop. Society in 1905 in the village of Kanaginal in Gadag District.

Detailed explanation-4: -Anyonya Sahakari Mandali, established in 1889 in the province of Baroda, is the earliest known cooperative credit union in India.

Detailed explanation-5: -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.

There is 1 question to complete.