Indian Banks and their Milestones
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Questions and Answers

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?

<p>HSBC (C)</p> Signup and view all the answers

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

<p>Central Bank of India (A)</p> Signup and view all the answers

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

<p>Union Bank of India (D)</p> Signup and view all the answers

When was the Bank of Hindustan established?

<p>1770 (A)</p> Signup and view all the answers

Which bank was liquidated in 1830-32?

<p>Bank of Hindustan (A)</p> Signup and view all the answers

What did the Bank of Calcutta later become?

<p>Bank of Bengal (A)</p> Signup and view all the answers

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

<p>1921 (C)</p> Signup and view all the answers

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

<p>1955 (A)</p> Signup and view all the answers

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

<p>Phase I: Early phase of primitive Indian banks to Nationalization of Banks in 1969 (A)</p> Signup and view all the answers

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

<p>Majority of shares held by private shareholders (A)</p> Signup and view all the answers

When were all major banks in India nationalized?

<p>1969 (A)</p> Signup and view all the answers

What defines old private sector banks in India?

<p>Existed prior to nationalization in 1968 (C)</p> Signup and view all the answers

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

<p>Bandhan Bank (D)</p> Signup and view all the answers

How have economic reforms impacted the Indian banking sector?

<p>Improved productivity and efficiency (D)</p> Signup and view all the answers

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

<p>Everlasting footprints on banking sector functioning (C)</p> Signup and view all the answers

Which bank is considered the oldest Bank of India?

<p>State Bank of India (B)</p> Signup and view all the answers

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

<p>Central Bank of India (C)</p> Signup and view all the answers

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

<p>Sir Osborne Smith (D)</p> Signup and view all the answers

Which bank introduced the first ATM in India in 1987?

<p>Punjab National Bank (D)</p> Signup and view all the answers

When was the Reserve Bank of India nationalized?

<p>1949 (A)</p> 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?

<p>Bank of India (A)</p> 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?

<p>Increase in loanable funds for commercial banks (C)</p> Signup and view all the answers

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

<p>4% (B)</p> Signup and view all the answers

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

<p>More freedom in setting interest rates (B)</p> Signup and view all the answers

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

<p>Induce professionalism in bank operations (B)</p> Signup and view all the answers

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

<p>1992 (D)</p> 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?

<p>38.5% (B)</p> Signup and view all the answers

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