Indian First in Banks: Indian Banking History

First in Banks: Banking History

👉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