Skip to main content

History of Indian Banking And Important Banking Gyan

History of Indian Banking And Important Banking Gyan

  • First bank established in India: 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
  • 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
  • First India bank started solely with Indian capital investment is PNB (Punjab National Bank)
  • Founder of Punjab National Bank is Lala Lajpat Rai
  • Reserve bank of India (RBI) was instituted in 1935
  • 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
  • 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
  • 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
  • Premium credit cards exclusively for women launched recently by – HDFC bank
  • Private Sector Bank that recently launched a product of Personal loan called “SWIFT” – HDFC
  • The bank which approved loan of $500mn to help India improve Rail services – Asian Development Bank
Like Us On Facebook- Click Me


Popular posts from this blog

Spotting Error Quiz IV - With Explanation For SSC Exam 2015

  Hello Readers, As you know that Spotting Error types question is an important part of competitive examinations and seldom any book provide you the detailed solution. So we have decided to provide you the previous year questions of  spotting error along with the Explanation . If you like it let us know, you can also ask for detailed solutions of questions that are bothering you. 1.     I found (a)/ the two first chapters of the book (b)/ particularly interesting. (c)/ No error (d) Answer    (b) Explanation : It should be   ‘the first two chapters’ . 2.     Bacon, the father of the English easy (a) / had a thirst (b) / of knowledge (c) / No error (d) Answer    (a) Explanation : The English means the citizen of England.   Article is not used before language

English Error Spotting - Previous Year Questions of SSC CGL

Competition Zenith brings you a post on Error Spotting to boost your English for competitive exams. We are providing you the specifically chosen questions from previous year papers of SSC CGL with the best possible explanation in simplest of the language. Below are some questions with explanation: Questions 1. Have trust on(a)/God and everything(b) /will be right.(c) /(d) No error 2. The cattles (a) /are grazing (b) /in the fields.(c) /(d) No error 3. He is one of (a)/ the best novelists (b) /that has ever lived. Do you agree? (c)/no error (d) 4. On a rainy day (a) /I enjoy to watch TV (b) / with a hot cup of tea.(c ) /no error(d) 5. No sooner did (a)/I reach (b)/ Patna railway station than the train departed(c)/no error (d) 6. There is no agreement (a) / between you and I (b) /so we are free to go our way(c) /no error (d) 7. A variety of books (a) / is available in the market (b) / to help the students qualify the competitive examinations.(c) /no error 8.

Easy way to understand Direct and Indirect speech rules

Introduction. There two ways to convey a message of a person, or the words spoken by a person to other person. 1.       Direct speech 2.       Indirect speech Suppose your friend whose name is Vipul tells you in College , “I will give you a pen”. You come to home and you want to tell your brother what your friend told you. There are two ways to tell him. Direct speech:   Vipul said, “I will give you a pen”. Indirect Speech:  Vipul said that he would give me a pen. In direct speech   the original words of person are narrated (no change is made) and are enclosed in quotation mark. While in indirect speech some changes are made in original words of the person because these words have been spoken in past so the tense will change accordingly and pronoun may also be changed accordingly. In indirect speech  the statement of the person is not enclosed in quotation marks, the word “ that ” may be used before the statement to show that it is indirect sp