Banking Awareness Tit Bits

First bank to introduce internet banking – ICICI bank
First bank to introduce mutual fund – State Bank of India
First bank to introduce credit card in India – Central Bank of India
Which cards are known as plastic money – Credit Cards
Open market operations are carried out by – RBI
Capital market regulator is – SEBI
Largest Commercial bank in India – State Bank of India
The International Bank for Reconstruction and Development (IBRD) is known as – World Bank
India’s First Financial Archive has been set up at – Kolkata
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 – HDFC Bank
Minimum money transfer limit through RTGS – 2 Lakhs
Maximum money transfer limit through RTGS – No Limit
Minimum & Maximum money transfer limit through NEFT- No Limit
NABARD was established 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, London
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 in1987, 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: Bank of Hindustan in 1770
Second bank established in India: 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
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 – Canara Bank