First in Banks: Banking History

banks in india
  • 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 
  • 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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