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</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</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</p> Signup and view all the answers

    When was the Bank of Hindustan established?

    <p>1770</p> Signup and view all the answers

    Which bank was liquidated in 1830-32?

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

    What did the Bank of Calcutta later become?

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

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

    <p>1921</p> Signup and view all the answers

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

    <p>1955</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</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</p> Signup and view all the answers

    When were all major banks in India nationalized?

    <p>1969</p> Signup and view all the answers

    What defines old private sector banks in India?

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

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

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

    How have economic reforms impacted the Indian banking sector?

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

    Which bank is considered the oldest Bank of India?

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

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

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

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

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

    Which bank introduced the first ATM in India in 1987?

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

    When was the Reserve Bank of India nationalized?

    <p>1949</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</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</p> Signup and view all the answers

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

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

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

    <p>1992</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%</p> Signup and view all the answers

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