GK
BANKING AWARENESS AND SEBI
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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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ICICI Bank
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Canara Bank
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Bank of Baroda
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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: -The use of credit cards originated in the United States during the 1920s, when individual firms, such as oil companies and hotel chains, began issuing them to customers for purchases made at company outlets.
Detailed explanation-3: -In India, ATM was introduced by HSBC Bank in 1987.
There is 1 question to complete.