BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank launched India’s first loan disbursement card?
A
SBI
B
UTI
C
IDBI
D
ICICI
Explanation: 

Detailed explanation-1: -Central Bank of India was the first Bank to introduce credit cards in India.

Detailed explanation-2: -The first bank credit card was introduced in 1958 in California, by the Bank of America.

Detailed explanation-3: -ICICI Bank launched the country’s first contactless mobile payment solution to enable its credit and debit customers to make in-store contactless payments by just waving their smartphones near an NFC-enabled merchant terminal.

Detailed explanation-4: -ICICI debit card: ICICI Bank launches debit card facility for customers availing loan against securities-The Economic Times.

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