CURRENT AFFAIRS

Detailed explanation-1: -Yes Bank launches the ‘YES BANK Wellness’ and ‘YES BANK Wellness Plus’ Credit Cards – aimed at the holistic health, self-care and wellness of consumers.

Detailed explanation-2: -YES bank HQ: Mumbai, Maharashtra.

Detailed explanation-3: -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. In 1985, the Central Bank of India, along with Vysya Bank and United Bank of India, introduced the Central Card.

Detailed explanation-4: -In 1958, Bank of America launched the BankAmericard in Fresno, California, which would become the first successful recognizably modern credit card.

Detailed explanation-5: -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.