Which was the first urban cooperative bank established in India?
- A.Saraswat Cooperative Bank, Mumbai
- B.Anyonya Cooperative Bank, Vadodara
- C.Cosmos Cooperative Bank, Pune
- D.Abhyudaya Cooperative Bank, Mumbai
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The correct answer is B, Anyonya Cooperative Bank of Vadodara in Gujarat, begun in 1889 as a mutual aid society among government servants and generally counted as the first urban cooperative bank in India, older even than the Cooperative Credit Societies Act of 1904.
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