Banking History

Banking History

COMPILED BY : - GAUTAM SINGH STUDY MATERIAL – BANKING AWARENESS 0 7830294949 First in Banks- Banking History . o First bank in India- Bank of Hindustan (1770) o First Bank managed by Indians- Oudh Commercial Bank o First Bank with Indian capital- Punjab National Bank (Founder of the Bank is Lala Lajpat Rai) o First Foreign Bank in India – HSBC o First bank to get ISO certificate – Canara Bank o First Indian bank outside India –Bank of India o First Bank to introduce ATM – HSBC (1987, Mumbai) o First Bank to have joint stock public bank (Oldest) – Allahabad Bank o First Universal bank – ICICI (Industrial Credit and Investment Corporation of India) o First bank to introduce saving account – Presidency Bank (1833) o First Bank to introduce Cheque system – Bengal Bank (1833) o First bank to give internet banking facility – ICICI o First bank to sell mutual funds – State Bank of India THANKS FOR READING – VISIT OUR WEBSITE www.educatererindia.com COMPILED BY : - GAUTAM SINGH STUDY MATERIAL – BANKING AWARENESS 0 7830294949 o First bank to issue credit cards - Central Bank of India o First Rural Regional Bank (Grameen Bank) – Prathama Bank (sponsored by Syndicate Bank) o First bank to get ‘in principle’ banking license – IDFC and Bandhan Bank o First Bank to introduce merchant banking in India – Grind lays bank o First bank to introduce block chain technology – ICICI o First bank to introduce voice biometric – Citi Bank o First bank to introduce robot in banking service- HDFC Miscellaneous points: o Largest public sector bank in India – State Bank of India o Largest private sector bank in India – ICICI o Largest foreign bank in India – Standard Chartered Bank o Bank with more branches in India – State Bank of India Present 5 Associates of SBI : o Bank of Travancore o Bank of Patiala o Bank of Bikaner and Jaipur o Bank of Hyderabad o Bank of Mysuru THANKS FOR READING – VISIT OUR WEBSITE www.educatererindia.com .

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