Indian Banks and their Milestones

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Which bank was the first in India to provide internet banking?

ICICI Bank (correct)

Central Bank of India

State Bank of India

Canara Bank

Which bank has the maximum number of overseas branches?

Union Bank of India

Bank of Baroda (correct)

Canara Bank

State Bank of India

Who was the first Indian Governor of the Reserve Bank of India (RBI)?

Mr. C D Deshmukh (correct)

Mr. Urjit Patel

Mr. Raghuram Rajan

Mr. Osborne Smith

Which bank was the first to introduce the ATM in India?

HSBC Signup and view all the answers

Which was the first bank to introduce the concept of a credit card in India?

Central Bank of India Signup and view all the answers

Which bank set up the first ATM specifically for the visually impaired in India?

Union Bank of India Signup and view all the answers

When was the Bank of Hindustan established?

1770 Signup and view all the answers

Which bank was liquidated in 1830-32?

Bank of Hindustan Signup and view all the answers

What did the Bank of Calcutta later become?

Bank of Bengal Signup and view all the answers

When did the three Presidency banks merge to form Imperial Bank of India?

1921 Signup and view all the answers

Which year did Imperial Bank of India get renamed as the State Bank of India?

1955 Signup and view all the answers

During which period did the Nationalization of Banks in India occur?

Phase I: Early phase of primitive Indian banks to Nationalization of Banks in 1969 Signup and view all the answers

What distinguishes private sector banks in India from public sector banks?

Majority of shares held by private shareholders Signup and view all the answers

When were all major banks in India nationalized?

1969 Signup and view all the answers

What defines old private sector banks in India?

Existed prior to nationalization in 1968 Signup and view all the answers

Which of the following is a new private sector bank in India?

Bandhan Bank Signup and view all the answers

How have economic reforms impacted the Indian banking sector?

Improved productivity and efficiency Signup and view all the answers

What lasting effects did the economic reforms have on the Indian banking sector?

Everlasting footprints on banking sector functioning Signup and view all the answers

Which bank is considered the oldest Bank of India?

State Bank of India Signup and view all the answers

Which bank is known as India's First Truly Swadeshi bank?

Central Bank of India Signup and view all the answers

Who was the first Governor of the Reserve Bank of India?

Sir Osborne Smith Signup and view all the answers

Which bank introduced the first ATM in India in 1987?

Punjab National Bank Signup and view all the answers

When was the Reserve Bank of India nationalized?

1949 Signup and view all the answers

Which bank established a branch in London in 1946, becoming the first Indian Bank to open an overseas branch?

Bank of India Signup and view all the answers

What has the reduction in Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) during economic reforms in India resulted in?

Increase in loanable funds for commercial banks Signup and view all the answers

What is the current level of Cash Reserve Ratio (CRR) as mentioned in the text?

4% Signup and view all the answers

What impact did the deregulation of interest rates have on commercial banks?

More freedom in setting interest rates Signup and view all the answers

What is the purpose of fixing prudential norms for commercial banks as mentioned in the text?

Induce professionalism in bank operations Signup and view all the answers

When was Capital to Risk Weighted Asset Ratio (CRAR) introduced as per the text?

1992 Signup and view all the answers

What was the earlier level of Statutory Liquidity Ratio (SLR) before it was reduced during India's economic reforms period?

38.5% Signup and view all the answers