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2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank in India has launched the first of its kind credit card made from recycled PVC plastic?
A
IndusInd Bank
B
HSBC
C
DCB
D
Canara Bank
Explanation: 

Detailed explanation-1: -Mumbai (Maharashtra) [India], March 28 (ANI/PR Newswire): DBS Bank India has partnered with EaseMyTrip to launch an environment-friendly international debit card made using 99 per cent recycled polyvinyl chloride (PVC) material.

Detailed explanation-2: -HSBC India on Thursday launched India’s first credit card made from recycled PVC plastic. This roll-out is part of a new programme launched by HSBC Group to introduce sustainable cards across all its global locations with a view to supporting its global commitments to sustainability and a net-zero future, it said.

Detailed explanation-3: -Central Bank of India was the first Bank to introduce credit cards in India.

Detailed explanation-4: -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.

Detailed explanation-5: -The word “plastic” usually refers to credit and debit cards instead of using cash (bills and coins) or a bank check. And for a good reason - the cards are made of plastic. More precisely, the plastic the credit cards are composed of is polyvinyl chloride acetate most commonly known as PVCA or PVC.

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