BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The first public sector bank in India which obtained license for Internet Banking from RBI is____
A
Punjab National Bank
B
Oriental Bank of Commerce
C
Corporation Bank
D
State Bank of India
Explanation: 

Detailed explanation-1: -1 Introduction ICICI was the first bank to champion its usage and introduced internet banking to its customers in 1996.

Detailed explanation-2: -Allahabad Bank is the oldest Public Sector Bank of India. It was established in 1865.

Detailed explanation-3: -Internet banking, also known as online banking, e-banking or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution’s website.

Detailed explanation-4: -It is also known as Netbanking, online banking, e-banking or virtual banking. It was originally introduced in the UK, in the year 1983, followed by the U.S in 1984. It was first introduced in India by ICICI Bank in the year 1998.

There is 1 question to complete.