Thursday 18 February 2016

Important key points about Banking GK.



Dear Aspirants,
Welcome to visit 99SmartReview.blogspot.in. Today we are listing some important questions based on banking. The students who are preparing for the competitive exams, should know about these things.

Important key points to know about the Banking GK are:

o   Reserve Bank of India (RBI) was established in 1935 and Nationalized in 1949.
o   Savings Account system in India was started by Presidency Bank, in 1833.
o   Cheque system was first introduced by Bengal Bank which was established in 1784.
o   Allahabad Bank is the oldest existing public sector bank in India.

o   Central Bank of India was the first public bank to introduce credit card.
o   Central Bank of India is the first commercial bank which was managed by Indians.
o   ICICI Bank was the first bank to provide Mobile ATM
o   Bank of Baroda has the maximum number of overseas branches.
o   India’s first “Talking” Automated Teller Machine (ATM) launched by Union Bank of India
o   (UBI) for visually impaired, was launched in Ahmedabad (Gujarat).
o   The National Payments Corporation of India (NPCI) launches India’s first rural bank ATM card
o   with a regional rural bank in Varanasi.
o   First bank established in India : Bank of Hindustan in 1770.
o   Second Bank : General Bank of India, 1786
o   The Imperial Bank of India (IBI) was the oldest and the largest commercial bank of the Indian
o   subcontinent. It was created in Jan 1921 by amalgamation of three presidency banks, those are,
o   Bank of Bengal
o   Bank of Bombay
o   Bank of Madras
o   After nationalization in 1955, the Imperial Bank of India was named as State Bank of India
o   (SBI)
o   State Bank of India merged with three banks namely Bank of Bengal, Bank of Bombay and
o   Bank of Madras in 1921 to form the Imperial Bank of India which was converted as State Bank of
o   India.
o   First Indian bank got ISO : Canara Bank
o   First Indian Bank started solely with Indian capital investment is PNB (Punjab National Bank).
o   Founder of Punjab National Bank is Lala Lajpat Rai.
o   Reserve Bank of India (RBI) was instituted in 1935.
o   First Governor of RBI : Mrs. Osborne Smith
o   First Indian Governor of RBI : Mr. C. D. Deshmukh
o   First Bank to introduce Savings Account in India : Presidency Bank in 1833
o   First Bank to introduce Cheque System in India : Bengal Bank in 1833
o   First Bank to introduce Internet Banking : ICICI Bank
o   First Bank to introduce Mutual Fund : State Bank of India
o   First Bank to introduce Credit Card in India : Central Bank of India
o   Credit cards are known as Plastic Money
o   Open market operations are carried out by RBI
o   CapitalMarket Regulator is SEBI
o   Largest Commercial Bank in India – State Bank of India
o   The International Bank for Reconstruction and Development (IBRD) is known as – World Bank
o   India’s First Financial Archive has been set up at – Kolkata
o   CRR, SLR, Repo Rate, Reverse Repo Rate are decided by RBI
o   Savings banks interest rates, fixed deposit interest rates, Loan Rates etc are decided by Individual
o   Banks.
o   The bank which has launched Mobile Bank Accounts in association with Vodafone’s m-paisa-
o   HDFC Bank
o   Minimum money transfer limit through RTGs : 2 Lakhs
o   Maximum money transfer limit through RTGs : No Limit
o   Minimum & Maximum money transfer limit through NEFT : No Limit
o   NABARD was established in – July 1982
o   Largest Public Sector Bank in India – SBI
o   Largest Private Sector Bank in India – ICICI
o   Largest Foreign Bank in India – Standard Chartered Bank
o   Frist Indian Bank to open branch outside India i.e. London in 1946 – Bank of India
o   First RRB named Prathama Grameen Bank was started by Syndicate Bank.
o   First Bank to introduce ATM in India : HSBC in 1987, Mumbai
o   Bank of Baroda has the maximum number of overseas branches.

Thank you and stay tuned with us.

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