Banking Awareness | First in Banks in Indian Banking History

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First in Banks in Indian Banking History

List of all First in Banks in Indian Banking History. Welcome to the www.letsstudytogether.co online learning section. First in Banks in Indian Banking History is the important topic for upcoming banking exams. So today we are providing you a “List of all First in Banks in Indian Banking History”.

The First in Banks in Indian Banking History is also important for NABARD Grade A & B, SBI PO/Clerk, IBPS Po/Clerk 2018 and other banking and Insurance Exams in 2018.

First in Banks: Banking History

S. No. First in Banks Banks & Others
1. The First Bank in India Bank of Hindustan (1770- Calcutta )
2. First Governor of RBI Mr. Osborne Smith
3. First Indian governor of RBI Mr. C D Deshmukh
4. First Bank to Introduce ATM in India HSBC
5. First Bank to introduce saving Bank in India Presidency bank in 1830
6. First Bank to Introduce Cheque system in India Bengal Bank 1784
7. First Bank to introduce Internet Banking ICICI BANK
8. First Bank to introduce Mutual Fund State Bank of India
9. First Bank to introduce Credit Card in India Central Bank of India
10. First Foreign Bank in India Compote d’Escompte de Paris of France in 1860
11. First Joint Stock Bank of India Allahabad Bank
12. First Indian bank to open branch outside India in London in 1946 Bank of India
13. First Indian Bank started with Indian capital indigenous Bank. Punjab National Bank
14. First Regional Rural Bank Prathama Grameen Bank ( Sponsoring Bank- Syndicate Bank)
15. First Universal Bank in India ICICI Bank
16. First bank in India listed in New York Stock Exchange (NYSE) ICICI Bank
17. First Bank in India to launch Talking ATMs for differently able person. Union Bank of India
18. First Bank in India to launch its own Payment Aggregators State Bank of India. (SBIePay)
19. Country’s first all-woman bank Bhartiya Mahila Bank
20. First Indian private sector bank to open a branch in the African continent ICICI Bank
21. First private sector bank to open dedicated branch for Startups RBL
22. First Aadhaar-based ATM launched by DCB Bank
23. First bank to sell Indian gold coins IOB ( Indian Overseas Bank )
24. First India bank Got ISO Canara Bank
25. First Bank to introduce Internet Banking ICICI BANK
26. First Payment Bank Airtel m commerce, Rajasthan
27. First small finance bank Capital Small Finance Bank Limited, Punjab
28. First ‘contactless’ credit cards for small and mid-sized enterprises ICICI
29. First certified green bond at London Stock Exchange Axis Bank
30. India’s first small and medium enterprises (SME) Bank HDFC
31. First issurer of Masala Bonds HDFC
32. First domestic bank to open branch in Yangon State Bank of India
33. India’s First Transaction On Blockchain executed by ICICI Bank
34. First firm to get debt recast under RBI’s S4A Scheme HCC
First in Banking History – Others
35. First bank to introduce saving account Presidency Bank (1833)
36. First Bank to introduce Cheque system Bengal Bank (1833)
37. First bank to get ‘in principle’ banking license IDFC and Bandhan Bank
38. First Bank to introduce merchant banking in India Grind lays bank
39. First bank to introduce voice biometric Citi Bank
40. First bank to introduce robot in banking service HDFC
41. Largest public sector bank in India State Bank of India
42. Largest private sector bank in India ICICI
43. Largest foreign bank in India Standard Chartered Bank
44. Bank with more branches in India State Bank of India

Important Facts Indian Banking History

  • The first Bank of India with Limited Liability to be managed by Indian Board was Oudh Commercial Bank. It was established in 1881 at Faizabad.
  • Punjab National Bank is the first bank purely managed by Indians, which was established in Lahore in 1895.
  • First Truly Swadeshi bank – Central Bank of India is called India’s First Truly Swadeshi bank, which was established in 1911 and wholly owned and managed by Indians.
  • Union Bank of India was inaugurated by Mahatma Gandhi in 1919.
  • Savings account system in India was started by Presidency Bank, 1833.
  • The first Indian bank to open overseas branch is Bank of India. It established a branch in London in 1946.
  • Allahabad Bank, established in 1865 – Allahabad Bank is the oldest Public Sector Bank in India having branches all over India and serving the customers for the last 145 years.
  • Imperial Bank of India was later renamed in 1955 as the State Bank of India.

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