General Knowledge about Indian Banking


Submitted by nikhilnr
April 19, 2012 - 1 year 5 weeks ago

India have a very large system of Banking. As of now, there are more than 80 banks working in India. It will be interesting to know some general facts about the Indian banking.

  • The Bank of Hindustan was the first bank in India. It was established in 1770 in Kolkata.
  • The Reserve Bank of India was instituted in 1935.
  • The first time banks were nationalised in India was on 19 July, 1969.
  • ICICI Bank is the largest Indian private bank.
  • Osborne Smith was the first governor of the Reserve Bank.
  • CD Desmukh was the first Indian to be the governor of Reserve Bank.
  • ICICI Bank was the first Indian bank to provide internet banking.
  • HSBC was the first bank to introduce ATM in India. That was in 1987 at Mumbai.
  • Allahabad Bank is the oldest public bank in India. It was established in 1865.
  • Canara Bank was the first bank to get ISO certification.
  • Central Bank of India was the first public bank to introduce Credit card.
  • Benegal Ramarao was the Reserve Bank Governor for the longest term.
  • Bank of India was the first Indian bank to start a branch outside India. That was in 1946 in London.
  • The first bank to start Savings account system in India was Presidency Bank in 1833.
  • Bengal Bank, established in 1784, was the first bank to introduce cheque system.
  • Bank of Baroda is the Indian bank with most number of overseas branches.
  • State Bank of India holds the 2nd position in total number of branches in the world after Industrial and Commercial Bank of China.
  • Palakkad in Kerala state is the first complete banking district in India.


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