27 Sep

Important for IBPS exam and P.O exam (First in India & Types of Banks)

Important for IBPS exam and P.O exam (First in India & Types of Banks)
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• First India bank Got ISO : Canara Bank
• First Governor of RBI : Mr. Osborne Smith
• First Indian governor of RBI : Mr. C D Deshmukh
• First Bank to Introduce ATM in India : HSBC
• First Bank to introduce saving Bank in India : Presidency bank in 1830
• First Bank to Introduce Cheque system in India : Bengal Bank 1784
• 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
• First Foreign Bank in India : Comptoire d’Escompte de Paris of France in 1860
• First Bank Set Up in India : Bank of Hindustan in 1770
• First Joint Stock Bank of British India : State Bank of India
• First Joint Stock Bank of India : Allahabad Bank
• First Bank that is oldest Public Bank in India : Allahabad Bank
• First national bank that is merged with Punjab National Bank : New Bank of India in 1993
• First Indian bank to open branch outside India in London in 1946 : Bank of India
• First Indian Bank started with Indian capital /indigenous Bank of India : Punjab National Bank
• First Regional Rural Bank name Prathama Grameen Bank Was started by : Syndicate Bank

BANKS IN INDIA
Central Bank:
1. Central Bank – Reserve Bank of India
Commercial Bank
2. Public Sector Bank – (Nationalised Bank) Total 26 = 14 were nationalized in 1969 +6 were
Nationalized in 1980 (out of these one bank new Bank of India was merged with PNB in 1983), +1 IDBI + SBI +5
Subsidiary/Associates banks of State Bank of India.
3. Private Banks = RBI in 1993 gave licences to 12 Private bank in 2 phases 10 private bank in 1993 and 2 private bank in 2003-2004
4. Foreign Banks = 34 Foreign Banks are there in India.
Cooperative Bank:
Cooperative Banks = Bank those are registered under Co-operative Societies Act 1965, Co-operative Banks are also works as Commercial Bank.

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