Banks in India – Important Questions asked in Competitive Exams

Banks in India

1. First bank in India
• Bank of Hindustan (1770)

2. First Bank managed by Indians
• Oudh Commercial Bank

3. First Bank with Indian capital
• Punjab National Bank (Founder – Lala Lajpat Rai)

4. First Foreign Bank in India
• HSBC

5. First bank to get ISO certificate
• Canara Bank

6. First Indian bank outside India
• Bank of India

7. First Bank to introduce ATM
• HSBC (1987, Mumbai)

8. First Bank to have joint stock public bank (Oldest)
• Allahabad Bank

9. First Universal bank
• ICICI Bank

10. First bank to introduce saving account
• Presidency Bank (1833)

11. First Bank to introduce Cheque system
• Bengal Bank (1833)

12. First bank to give internet banking facility
• ICICI Bank

13. First bank to sell mutual funds
• State Bank of India

14. First bank to issue credit cards
• Central Bank of India

15. First Rural Regional Rural Bank (Grameen Bank)
• Prathama Bank (sponsored by Syndicate Bank)

16. First bank to get “in principle” banking license
• IDFC and Bandhan Bank

17. Largest private sector bank in India
• ICICI Bank

18. Largest foreign bank in India
• Standard Chartered Bank

19. Bank with more branches in India
• State Bank of India

20. First Bank to introduce merchant banking in India
• Grind lays bank

21. First bank to introduce block chain technology
• ICICI Bank

22. First bank to introduce voice biometric
• Citi Bank

23. First bank to introduce robot in banking service
• HDFC Bank

24. First bank in India to allow video KYC
• Kotak Mahindra Bank

25. First bank to introduce Iris Scan Authentication feature for Aadhaar based transactions through its micro ATM tablets
• Axis Bank

26. Largest public sector bank in India
• State Bank of India

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