Q. Which is the first co-operative bank in India?
Answer: Anyonya Co-operative Bank Limited
Notes: Anyonya Co-operative Bank Limited (ACBL) is the first co-operative bank in India. It is located in Vadodara (formerly Baroda) in Gujarat. The first urban cooperative credit society was registered in Canjeevaram (Kanjivaram) in the former Madras province in October, 1904. The first cooperative law of India, the Cooperative Credit Societies Act, was passed on March 25, 1904. The first cooperative society in India was the Agricultural Credit Cooperative Society, which was established in Kanaginahala in 1904. The first cooperative land mortgage bank was organized in Jhang in Punjab in 1920. The largest urban co-operative bank in India is Saraswat Cooperative Bank. It was established in Mumbai, Maharashtra in 1918. It operates in six states: Maharashtra, Goa, Gujarat, Delhi, Madhya Pradesh, and Karnataka.