BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is the first bank to get ISO certificate?
A
Corporation Bank
B
UBI
C
Canara Bank
D
Syndicate Bank
Explanation: 

Detailed explanation-1: -Correct! Founded in 1906, the Canara bank was the first to launch networked ATMs in India and receive an ISO Certification.

Detailed explanation-2: -ISO 27001 Certification is a globally recognized standard published by the International Organization for Standardization (ISO). It provides several essential security standards. A bank is a financial institution that accepts public deposits, and also provides loans and other facilities.

Detailed explanation-3: -ISO certification is a seal of approval from a third party body that a company runs to one of the international standards developed and published by the International Organization for Standardization (ISO).

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