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First in Banks: Banking History

Published on Saturday, July 16, 2022
banks in india
  • First bank in India- Bank of Hindustan (1770) 
  • First 
  • 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 Bank which is purely managed by Indians - Punjab National Bank
  • First Foreign Bank in India – Grindlays Bank
  • 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 a 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 in India that was established and managed by an Indian Board - Central Bank of India
  • First Ever Truly Swadeshi Bank of the country - Central Bank of India
  • 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 Digital Bank - Digibank
  • 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 blockchain technology – ICICI 
  • First bank to introduce voice biometric – Citi Bank 
  • First bank to introduce robot in banking service- HDFC 
  • First Indian Bank to open an overseas branch - Bank of India

Miscellaneous points:

  • Largest public sector bank in India – State Bank of India 
  • Largest private sector bank in India – HDFC Bank
  • Largest foreign bank in India – Standard Chartered Bank 
  • Bank with more branches in India – State Bank of India 
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ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

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