BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which was the first bank to introduce ATM in India?
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IDBI
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UTI
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ICICI
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HSBC
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Explanation:
Detailed explanation-1: -HSBC in India has been active in the development of the Indian banking industry-even giving India its first ATM in 1987.
Detailed explanation-2: -The first ATM in India was set up in 1987 by HSBC in Mumbai.
Detailed explanation-3: -On 2 September 1969, Chemical Bank installed a prototype ATM in the U.S. at its branch in Rockville Centre, New York. The first ATMs were designed to dispense a fixed amount of cash when a user inserted a specially coded card.
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