https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=Anyonya_Co-operative_BankAnyonya Co-operative Bank - Revision history2026-10-28T21:13:46ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Anyonya_Co-operative_Bank&diff=174009&oldid=previmported>BrownHairedGirl: −Category:Companies based in Gujarat; + 2 categories; ± 2 categories using HotCat2021-04-13T20:44:58Z<p>−<a href="/w/index.php?title=Category:Companies_based_in_Gujarat&action=edit&redlink=1" class="new" title="Category:Companies based in Gujarat (page does not exist)">Category:Companies based in Gujarat</a>; + 2 categories; ± 2 categories using <a href="https://en.bharatpedia.org/wiki/BP:HC" class="extiw" title="wp:HC">HotCat</a></p>
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'''Anyonya Co-operative Bank Limited''' (ACBL) located in the city of [[Vadodara]] (formerly Baroda) in [[Gujarat]], is the first [[Cooperative banking|co-operative bank]] in India.<ref>[http://www.rbi.org.in/scripts/PublicationReportDetails.aspx?UrlPage=&ID=131 ''Genesis and Architecture of Urban Cooperative Banks'' Reserve Bank of India, 7 December 1999] {{webarchive |url=https://web.archive.org/web/20070927023511/http://www.rbi.org.in/scripts/PublicationReportDetails.aspx?UrlPage=&ID=131 |date=27 September 2007 }}</ref><ref name="toi">{{Cite news<br />
|title=New Asia's oldest co-op bank starts recovery drive<br />
|date=26 June 2003<br />
|first=Robin <br />
|last=David<br />
|agency=TNN<br />
|work=[[The Times of India]]<br />
}}</ref><br />
The [[Reserve Bank of India]] ordered the bank to stop most of its operations under Section 35 of the Banking Regulation Act, on 14 September 2007, and ACBL closed in March 2008.<ref name="ie-agm">{{Cite news<br />
|url=http://www.indianexpress.com/news/anyonya-coop-bank-on-revival-path/358677/<br />
|title=Anyonya Co-op Bank on revival path<br />
|agency=Express News Service<br />
|date=8 September 2008<br />
|work=[[The Indian Express]]<br />
|location=Vadodara<br />
}}</ref><ref name="ie-bust">{{Cite news<br />
|url=http://www.indianexpress.com/news/anyonaya-coop-bank-goes-bust/217448/<br />
|title=Anyonya Co-op Bank goes bust<br />
|agency=Express News Service<br />
|date=16 September 2007<br />
|work=[[The Indian Express]]<br />
|location=Vadodara<br />
}}</ref><br />
Its [[annual general meeting]] in September 2008 formed a committee to re-open the bank.<ref name="ie-agm" /><br />
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ACBL was established in 1889 under the name '''Anyonya Sahayakari Mandali Co-operative Bank Limited''', with a primary objective of providing an alternative to exploitation by [[moneylender]]s for Baroda's residents.<ref name="toi" /><br />
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When it was started in 1889 it had just 23 members and 76 [[Indian rupees]] (Rs) of capital, which grew to Rs 873 in the first year.<ref name="toi" /> By 2006, it had grown to more than 23,000 share holders and more than ten branches which are mainly located within Baroda city and some small towns surrounding it.<br />
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Its administration is governed by a group of nine board directors, three of whom are elected every year for a three-year term.<br />
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==See also==<br />
* [[Cooperative banking|Co-operative banking]]<br />
* [[Banking in India]]<br />
<br />
==References==<br />
{{reflist}}<br />
<br />
==External links==<br />
*{{Cite news<br />
|title=New Asia's oldest co-op bank starts recovery drive<br />
|date=26 June 2003<br />
|first=Robin <br />
|last=David<br />
|agency=TNN<br />
|work=[[Times of India]]<br />
}}<br />
<br />
[[Category:Indian companies established in 1889]]<br />
[[Category:Companies based in Vadodara]]<br />
[[Category:Banks established in 1889]]<br />
[[Category:Cooperative banks of India]]<br />
[[Category:Cooperatives in Gujarat]]<br />
[[Category:Indian companies disestablished in 2008]]<br />
[[Category:Banks disestablished in 2008]]<br />
<br />
{{Banking in India}}<br />
{{Asia-bank-stub}}</div>imported>BrownHairedGirl