General Knowledge related with 'Banking System'

•ICICI bank was first bank to introduce internet banking.

•State bank of India was first bank to introduce mutual fund.

• Central Bank of India was first bank to introduce credit card in India.

•Credit cards are known as plastic money.

•Open market operations are carried out by RBI.

•India’s First Financial Archive has been set up at Kolkata.

•Capital market regulator is SEBI.

•Largest Commercial bank in India is State Bank of India.

•World Bank known as The International Bank for Reconstruction
and Development.

•CRR, SLR, Repo Rate, Reverse Repo rate are decide by RBI.

•Savings banks interest rates, fixed deposit interest rates, Loan Rates etc. are decided by individual banks.

•The bank which has launched Mobile Bank Accounts in association with Vodafone’s m –paisa is HDFC Bank.

•Minimum money transfer limit through RTGS is 2 Lakhs.

•Maximum money transfer limit through RTGS- No Limit.

•Minimum & Maximum money transfer limit through NEFT: No Limit.

•NABARD was established in in July, 1982.

•Largest Public sector bank in India – SBI

•Largest Private sector bank in India – ICICI Bank.

•Largest Foreign bank in India – Standard Chartered Bank.

•First Indian bank to open branch outside India i.e. London in 1946- Bank of India.

•First RRB named Prathama Grameen Bank was started by- Syndicate Bank.

•First Bank to introduce ATM in India: HSBC in 1987, Mumbai.

•Bank of Baroda has the maximum number of overseas branches.

•SBI holds the second position with maximum number of overseas branches.

•First bank established in India was Bank of
Hindustan in 1770.

•Second bank: General Bank of India, 1786.

•Oldest bank in India originated in the Bank
of Calcutta in June 1806 which was still in
existence – State Bank of India.

•First India bank started solely with Indian
capital investment is PNB (Punjab National
Bank).

•State Bank of India merged with three banks
namely Bank of Bengal, Bank of Bombay and
Bank of Madras in 1921 to form the Imperial
bank of India which was converted as State
Bank of India.

•First Indian bank got ISO is Canara Bank.

•Founder of Punjab National Bank is Lala
Lajpat Rai.

•Reserve bank of India (RBI) was instituted in
1935.

•First bank to introduce cheque system in
India- Bengal Bank in 1833.

•First governor of RBI- Mr.Osborne Smith.

•First Indian Governor of RBI- Mr.C D
Deshmukh.

•First bank to introduce savings account in
India) Presidency Bank in 1833.

•First bank to introduce cheque system in
India- Bengal Bank in 1833.