Banking History in India – First in Banks

By | November 21, 2018

➡ First in Banks : #Banking_History
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▪️First bank in India- Bank of Hindustan (1770)

▪️First Bank managed by Indians- Oudh Commercial Bank

▪️First Bank with Indian capital- Punjab National Bank (Founder of the Bank is Lala Lajpat Rai)

▪️First Foreign Bank in India – HSBC

▪️First bank to get ISO certificate – Canara Bank

▪️First Indian bank outside India –Bank of India

▪️First Bank to introduce ATM – HSBC (1987, Mumbai)

▪️First Bank to have joint stock public bank (Oldest) – Allahabad Bank

▪️First Universal bank – ICICI (Industrial Credit and Investment Corporation of India)

▪️First bank to introduce saving account – Presidency Bank (1833)

▪️First Bank to introduce Cheque system – Bengal Bank (1833)

▪️First bank to give internet banking facility – ICICI

▪️First bank to sell mutual funds – State Bank of India

▪️First bank to issue credit cards – Central Bank of India

▪️First Rural Regional Bank (Grameen Bank) – Prathama Bank (sponsored by Syndicate Bank)

▪️First bank to get ‘in principle’ banking license – IDFC and Bandhan Bank

▪️First Bank to introduce merchant banking in India – Grind lays bank

▪️First bank to introduce block chain technology – ICICI

▪️First bank to introduce voice biometric – Citi Bank

▪️First bank to introduce robot in banking service- HDFC

Miscellaneous points:
▪️Largest public sector bank in India – State Bank of India

▪️Largest private sector bank in India – ICICI

▪️Largest foreign bank in India – Standard Chartered Bank

▪️Bank with more branches in India – State Bank of India

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