Very Important Banking Awareness Facts

1. RBI is the Central bank of India

2. RBI was setup on the recommendations of Royal Commission on Indian Currency and Finance also known as the Hilton- Young Commission.

3. RBI has 4 regional offices at Mumbai, Kolkatta, Chennai and Delhi.

4. The head office of RBI is located at Mumbai.

5. Currency notes other than one rupee notes are issued by RBI.

6. Scheduled commercial banks are included in the second schedule to the RBI act 1934.

7. Schedule commercial banks are- SBI and its associates, Nationalized banks, private sector banks, regional rural banks, urban cooperative banks, state cooperative banks.

8. 14 banks were nationalized on 19 July 1969.

9. Regional rural banks were established on 2.10.1975

10. All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC(Deposit Insurance and Credit Guarantee Corporation of India Limited).

* First India bank Got ISO : Canara Bank

* First Governor of RBI : Mr. Osborne Smith

* First Indian governor of RBI : Mr. C D Deshmukh

* First Bank to Introduce ATM in India : HSBC

* First Bank to introduce savings : Presidency bank in 1833

* First Bank to Introduce Cheque system : Bengal Bank 1784

* First Bank to introduce Internet Banking : ICICI BANK

* First Bank to introduce Mutual Fund : State Bank of India

* First Bank to introduce Credit Card : Central Bank of India

* First Foreign Bank in India : Comptoire d’Escompte de Paris of France in 1860

* First Joint Stock Bank of India : Allahabad Bank

* First Bank that is oldest Public Bank in India :Allahabad Bank

* First Indian bank to open branch outside India in London in 1946 : Bank of India

* First Indian Bank started with Indian capital / indigenous Bank of India : Punjab National Bank

* First Regional Rural Bank name Prathama Grameen Bank - Was started by : Syndicate Bank

* First Bank to launch branch in foreign was "Bank of India" in 1946 in London UK.

* First bank to Introduce Credit card in India was Central Bank of India With "Central Card" 1980.

* First Bank to introduce Debit Card in India was Citi Bank In Bangalore in 1987