BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank in India has introduced vertical credit cards?
A
Kotak Bank
B
Yes Bank
C
HDFC Bank
D
ICICI Bank
Explanation: 

Detailed explanation-1: -Kotak Mahindra Bank allows you to create a new virtual credit card once your existing card has expired.

Detailed explanation-2: -Central Bank of India was the first Bank to introduce credit cards in India.

Detailed explanation-3: -Features. A special card to give back something, to those who give their everything. The Kotak Veer Select Credit Card enables our brave guardians to manage their daily spends while earning exciting rewards and other benefits.

Detailed explanation-4: -Though City Bank introduced Diner’s Club card in 1969, the credit card industry gained popularity only after Andhra Bank introduced its own credit card. In 1985, the Central Bank of India, along with Vysya Bank and United Bank of India, introduced the Central Card.

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