2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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State Bank of India
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Federal bank
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Union bank
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PNB
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Detailed explanation-1: -Federal Bank has partnered with Fiserv, Inc. to enable the digitization of it’s end-to-end card issuance and processing cycle to support the launch of the Federal Bank credit card, their 1st Independent Credit Card. The Federal bank will also outsource associated operational processes to Fiserv.
Detailed explanation-2: -Fifth Third Bank Partners with Fiserv to Drive Efficiency, Visibility and Standardization in the Financial Close | Fiserv.
Detailed explanation-3: -Central Bank of India was the first Bank to introduce credit cards in India.
Detailed explanation-4: -UPSC Mains. Q. With which bank, fintech player OneCard has partnered to launch a mobile-based credit card named mobile-first in India? Notes: SBM Bank has partnered with fintech player OneCard to launch a mobile-based credit card named ‘mobile-first.
Detailed explanation-5: -In India. 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.