Anyonya Co-operative Bank Limited (ACBL) located in the city of Vadodara, in Gujarat, is the first of what type of institution in India, that take deposits and lend money in most parts of the world?
Cooperative banking Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world.
Economy of Mumbai Mumbai, Maharashtra is the entertainment, fashion and commercial centre of India, with the Mumbai Metropolitan Region economy more than $400 billion (as of 2017 ).It is also one of the world's top 10 centres of commerce in terms of global financial flow, Mumbai accounts for slightly more than 6.16% of India's economy contributing 10% of factory employment, 30% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of foreign trade and rupees 40,000 crore (US $10 billion) in corporate taxes to the Indian economy. Headquarters of a number of Indian financial institutions such as the Bombay Stock Exchange, Reserve Bank of India, National Stock Exchange, the Mint, as well as numerous Indian companies such as the Tata Group, Essel Group and Reliance Industries are located in Mumbai. Most of these offices are located in downtown South Mumbai which is the nerve centre of the Indian economy. Many foreign establishments also have their branches in the South Bombay area. Mumbai is the world's 29th largest city by GDP. Mumbai was ranked among the fastest cities in India for business startup in 2009. As of 2009-10, Mumbai enjoys a Per Capita Income of $2,845. This is 16.6% higher than 2008-09 levels of $2,440. In PPP dollars, Mumbai had a