VERY IMPORTANT- Reserve Bank of India (RBI) was established in 1935 and Nationalized in 1949. Savings Account system in India was started by Presidency Bank, in 1833. Cheque system was first introduced by Bengal Bank which was established in 1784. Allahabad Bank is the oldest existing public sector bank in India. Central Bank of India was the first public bank to introduce credit card. Central Bank of India is the first commercial bank which was managed by Indians. ICICI Bank was the first bank to provide Mobile ATM Bank of Baroda has the maximum number of overseas branches. India’s first “Talking” Automated Teller Machine (ATM) launched by Union Bank of India (UBI) for visually impaired, was launched in Ahmedabad (Gujarat). The National Payments Corporation of India (NPCI) launches India’s first rural bank ATM card with a regional rural bank in Varanasi. First Bank to introduce Mutual Fund : State Bank of India First Bank to introduce Credit Card in India : Central Bank of India Credit cards are known as Plastic Money Open market operations are carried out by RBI CapitalMarket Regulator is SEBI Largest Commercial Bank in India – State Bank of India The International Bank for Reconstruction and Development (IBRD) is known as – World Bank India’s First Financial Archive has been set up at – Kolkata CRR, SLR, Repo Rate, Reverse Repo Rate are decided by RBI Savings banks interest rates, fixed deposit interest rates, Loan Rates etc are decided by Individual Banks. The bank which has launched Mobile Bank Accounts in association with Vodafone’s m-paisa- HDFC Bank Minimum money transfer limit through RTGs : 2 Lakhs Maximum money transfer limit through RTGs : No Limit Minimum & Maximum money transfer limit through NEFT : No Limit NABARD was established in – July 1982 Largest Public Sector Bank in India – SBI Largest Private Sector Bank in India – ICICI Largest Foreign Bank in India – Standard Chartered Bank Frist Indian Bank to open branch outside India i.e. London in 1946 – Bank of India First RRB named Prathama Grameen Bank was started by Syndicate Bank. First Bank to introduce ATM in India : HSBC in 1987, Mumbai Bank of Baroda has the maximum number of overseas branches. Premium Credit Cards exclusively for women launched recently by HDFC Bank. Private Sector Bank that recently launched a product of Personal Loan called “SWIFT” – HDFC The RBI Central Board consists of One Governor and not more than Four Deputy Governors (Appointed / Nominated for a period of Four years). o Present(23rd) Governor – Raghuram Rajan o Present Deputy Governors : Urgit Patel - 14.01.2013 onwards H. R. Khan - 04.07.2011 onwards (Re-elected) R. Gandhi - 03.04.2014 onwards S. S. Mundra - 30.07.2014 onwards The first headquarter of RBI is Calcutta (1935) Present Headquarter of RBI – Mumbai (1937 to present) RBI has 29 Regional Offices in India The Financial year of the RBI starts on 1st July and ends on 30th June Printing of Currency Notes and Securities : Currency paper is imported from Dubai Paper for currency and securities process at Hoshangabad (MP - Ias Ips Aspirant
Posted on: Sat, 15 Nov 2014 17:41:02 +0000
Trending Topics
Recently Viewed Topics
© 2015