BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is the first bank to introduce Credit card in India?
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Bank of India
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Global Trust Bank
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IndusInd Bank
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Central Bank of India
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Explanation:
Detailed explanation-1: -Central Bank of India was the first Bank to introduce credit cards in India.
Detailed explanation-2: -In 1958, Bank of America launched the BankAmericard in Fresno, California, which would become the first successful recognizably modern credit card.
Detailed explanation-3: -In 1966, BankAmericard went national to become the nation’s first licensed general-purpose credit card. It would be renamed Visa a decade later to acknowledge its growing international presence.
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