Question

Which bank in India act as Apex bank in Co-operative banking structure? From when​

Answer 1

Answer:

At the apex level, the TNSC Bank is operating in Chennai which coordinates the entire short-term cooperative credit structure. TNSC Bank is the first state cooperative bank and been operating for over a century.

Explanation:

The first credit cooperative society was formed in Banking in the year 1903 with the support of Government of Bengal. It was registered under the Friendly Societies Act of the British Government. 4. Cooperative Credit Societies Act of India was enacted on 25th March 1904