Dear Reader, Indian banks have a fascinating history, which you should be proud of. Below are 25 unforgettable moments every candidate must know. This interesting list could help you in banking awareness section.
- First bank established in India: Bank of Hindustan in 1770
- First bank to be managed by Indian Board is Oudh Commercial Bank. It is not functional now.
- First Commercial Bank is the Central Bank of India (CBI) that was opened up in 1911.
- First Insurance Company in India is the Oriental Life Insurance Company, which was established in 1818.
- First Indian bank got ISO: Canara Bank.
- First Bank to introduce Credit Card in India : Central Bank of India.
- First Joint Stock Bank of India : Allahabad Bank.
- First Bank that is oldest Public Bank in India : Allahabad Bank.
- First Public Sector Bank to issue capital to public is : Oriental Bank of Commerce.
- First bank to introduce savings account in India: Presidency Bank in 1833.
- First bank to introduce cheque system in India: Bengal Bank in 1833.
- First bank to introduce internet banking: ICICI bank.
- First bank to introduce mutual fund: State Bank of India.
- First national bank that is merged with Punjab National Bank : New Bank of India in 1993.
- First Indian bank to open branch outside India in London in 1946 : Bank of India.
- First Indian Bank started with Indian capital /indigenous Bank of India : Punjab National Bank.
- First Multi-currency international Debit Cards are issued in India by : SBI.
- First bank to introduce credit card in India: Central Bank of India.
- First Financial Archive in India has been set up at – Kolkata.
- First RRB named Prathama Grameen Bank was started by: Syndicate Bank.
- First Bank to introduce ATM in India: HSBC in1987, Mumbai.
- First Bank in India to launch EMI facility on debit cards : ICICI Bank.
- First Indian Private Bank to set up a branch in China : AXIS Bank.
- First Foreign Bank in India : HSBC.
- First Universal Bank in India : ICICI.
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25 Remarkable Moments in Banking History