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Bankimg History And First In Banking Flashcards

(61 cards)

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1
Q

Which act allowed the government to nationalise private entities in 1948?

A

Public Ownership Act

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2
Q

When was RBI nationalised?

A

1st January 1949

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3
Q

Which committee recommended the formation of SBI?

A

Gorwala Committee

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4
Q

When was SBI established?

A

1st July 1955

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5
Q

Which banks were merged to form SBI in 1959 as associate banks?

A

State Bank of Patiala, Hyderabad, Bikaner, Jaipur, Mysore, Travancore

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6
Q

In which year were 14 banks nationalised in India?

A

1969

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7
Q

Which was the second phase of bank nationalisation in India?

A

1980

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8
Q

Which committee recommended the establishment of Regional Rural Banks (RRBs)?

A

Narasimham Committee

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9
Q

Name the first RRB in India.

A

Prathama Bank

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10
Q

Where was Prathama Bank located?

A

Moradabad, Uttar Pradesh

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11
Q

Which bank was established to serve agricultural and rural development finance needs?

A

NABARD

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12
Q

Who recommended the establishment of NABARD?

A

Shivaraman Committee

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13
Q

What was the first bank in the world?

A

Bank of Venice

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14
Q

Which was the first bank in India?

A

Bank of Hindustan

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15
Q

Which was the first purely Indian managed bank?

A

Punjab National Bank

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16
Q

Which was the first Indian bank fully owned by Indians?

A

Central Bank of India

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17
Q

Which act provides legal structure to the banking system in India?

A

Banking Regulation Act, 1949

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18
Q

Who was the first Governor of RBI?

A

Sir Osborne Smith

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19
Q

Who was the first Indian Governor of RBI?

A

C. D. Deshmukh

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20
Q

When was RBI established?

A

1st April 1935

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21
Q

What was the capital of RBI at the time of establishment?

A

₹5 crore

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22
Q

Which policy introduced LPG reforms in India?

A

Industrial Policy of 1991

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23
Q

When were private bank licenses first issued by RBI?

A

1993–94

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24
Q

Name the two banks licensed in 2003–04.

A

Kotak Mahindra Bank, Yes Bank

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25
Which banks were licensed in 2014?
Bandhan Bank, IDFC Bank
26
Which committee recommended Small Finance Banks?
Usha Thorat Committee
27
Which was the first Small Finance Bank in India?
Capital Small Finance Bank
28
When was Capital Small Finance Bank established?
24th April 2016
29
Which committee recommended Payment Banks?
Nachiket Mor Committee
30
Which was the first Payment Bank in India?
Airtel Payment Bank
31
When did Airtel Payment Bank start operations?
January 2017
32
Which bank introduced ATM in India?
HSBC
33
Which bank introduced the cheque system in India?
Bengal Bank
34
Which bank introduced internet banking in India?
ICICI Bank
35
Which bank introduced credit cards in India?
Central Bank of India
36
Which was the first joint stock bank in India?
Allahabad Bank
37
Which was the first Indian bank to open a branch outside India?
Bank of India
38
Which Indian bank was started with purely Indian capital?
Punjab National Bank
39
Which is India’s first universal bank?
ICICI Bank
40
Which Indian bank was listed on the New York Stock Exchange?
ICICI Bank
41
Which bank launched the first talking ATM in India?
Union Bank of India
42
Which bank launched its own payment aggregator?
State Bank of India
43
Which is the all-women’s bank established in India?
Bharatiya Mahila Bank
44
Which Indian bank opened a branch in Africa first?
ICICI Bank
45
Which private bank opened India’s first dedicated startup branch?
RBL Bank
46
Which bank launched India’s first Aadhaar-based ATM?
DCB Bank
47
Which bank was first to sell Indian Gold Coins?
Indian Overseas Bank
48
Which bank received the ISO 158 certification first?
Canara Bank
49
Which bank launched contactless credit cards for SMEs?
ICICI Bank
50
Which bank issued the first Green Bond at London Stock Exchange?
Axis Bank
51
Which bank was awarded as best SME bank?
HDFC Bank
52
Which Indian bank issued the first Masala Bond?
HDFC
53
Which bank opened the first branch in Yangon (Myanmar)?
State Bank of India
54
Which bank executed the first blockchain transaction in India?
ICICI Bank
55
Which bank introduced merchant banking in India?
Grindlays Bank
56
Which bank introduced voice biometric system?
Citi Bank
57
Which bank deployed the first banking robot in India?
HDFC Bank
58
Which is the largest public sector bank in India?
State Bank of India
59
Which is the largest private sector bank in India (by assets)?
ICICI Bank
60
Which is the largest foreign bank in India?
Standard Chartered Bank
61
Which bank has the most branches in India?
State Bank of India

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