Banking Facts

  1. The first bank in India to be given an ISO Certification – Canara
    Bank
  2. The
    first bank in Northern India to get ISO 9002 certification for their selected
    branches – Punjab and Sind Bank
  3. The
    first Indian bank to have been started solely with Indian capital – Punjab
    National Bank
  4. India’s
    oldest, largest and most successful commercial bank, Offering the widest
    possible range of domestic, international and NRI products and services,
    through its vast network in India and Overseas – State Bank of India
  5. India’s
    second largest private sector bank and is now the largest scheduled commercial
    bank in India – The Federal Bank Limited
  6. The
    first Indian bank to open a branch outside India in London in 1946 and the
    first to open a branch in continental Europe at Paris in 1974 – Bank of India,
    founded in 1906 in Mumbai
  7. The
    oldest Public Sector Bank in India having branches all over India and serving
    the customers for the last 132 years – Allahabad Bank
  8. The
    first Indian commercial bank which was wholly owned and managed by Indians
    -Central Bank of India
  9. Bank
    of India was founded in 1906 in Mumbai. It became the first Indian bank to open
    a branch outside India in London in 1946 and the first to open a branch in
    continental Europe at Paris in 1974.
  10. Private
    Sector Bank that recently launched a product of personal loan called ‘Swift’ –
    HDFC
  11. The
    largest public sector bank – SBI
  12. India’s
    largest private sector bank – ICICI Bank
  13. The
    largest foreign bank working in India – Standard Chartered Bank
  14. Asian
    Development Bank was established in – December 1966
  15. The
    first Swadeshi Bank in India is – PNB
  16. The
    Structure of RBI is – 1 Governor and 4 Deputy Governors
  17. Head
    Office of World Bank is in – Washington D.C.
  18. Who
    has launched the world’s first Islamic finance benchmark rate – Thomson Reuters
  19. Saving
    Banks Interest rates, Fixed Deposit interest rates, Loan rates etc are decided
    by individual banks.
  20. CRR,
    SLR, Rep, Reverse Repo. MSF are decided by RBI.
  21. India’s
    First Financial Archive has been set up at — Kolkata
  22. The
    International Bank for Reconstruction and Development (IBRD) is better known as
    – World Bank
  23. The
    Reserve Bank of India was established under the act- RBI Act 1934
  24. The
    largest commercial bank in India- State Bank of India
  25. The
    Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
    – Imperial Bank of India
  26. The
    first Indian Bank to introduce credit card – Central Bank of India
  27. Devaluation
    of a currency mean – Decrease in the external value of money
  28. Cards
    known as plastic money – Credit cards
  29. Open
    Market Operations” are carried out by – RBI
  30. Capital
    Market Regulator is – SEBI