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First in Banks: Banking History

Published on Tuesday, February 28, 2017

First bank in India- Bank of Hindustan (1770)

First Bank managed by Indians- Oudh Commercial Bank

First Bank with Indian capital- Punjab National Bank (Founder of the Bank
is Lala Lajpat Rai)

First Foreign Bank in India HSBC

First bank to get ISO certificate Canara Bank

First Indian bank outside India Bank of India

First Bank to introduce ATM HSBC (1987, Mumbai)

First Bank to have joint stock public bank (Oldest) Allahabad Bank
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First Universal bank ICICI (Industrial Credit and Investment Corporation of

India)

First bank to introduce saving account Presidency Bank (1833)

First Bank to introduce Cheque system Bengal Bank (1833)

First bank to give internet banking facility ICICI

First bank to sell mutual funds State Bank of India

First bank to issue credit cards - Central Bank of India

First Rural Regional Bank (Grameen Bank) Prathama Bank (sponsored
by Syndicate Bank)
First bank to get in principle banking license IDFC and Bandhan Bank
First Bank to introduce merchant banking in India Grind lays bank

First bank to introduce block chain technology ICICI

First bank to introduce voice biometric Citi Bank

First bank to introduce robot in banking service- HDFC

Miscellaneous points:

Largest public sector bank in India State Bank of India

Largest private sector bank in India ICICI

Largest foreign bank in India Standard Chartered Bank

Bank with more branches in India State Bank of India

Present 5 Associates of SBI :

Bank of Travancore

Bank of Patiala
Bank of Bikaner and Jaipur

Bank of Hyderabad

Bank of Mysuru
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