First in Banks: Banking History

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 

Free Exam Resources

Useful material to support your preparation, revision and exam planning.

Continue on BankExamsToday

Revise notes, practice questions and resume anytime.

Meet your mentor

From the Founder

Ramandeep Singh, founder of BankExamsToday

Ramandeep Singh

Banking Educator · Former Banker

Former banker and educator helping aspirants prepare for banking promotion and specialist officer exams with focused, practical guidance.

14+
Years' experience
5,000+
Selections
Ex-BoB
Banking experience