SSC MTS EXAM

SSC

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank is the first to introduce ATM in India?
A
ICICI
B
HSBC
C
SBI
D
UCO BanK
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: -John Adrian Shepherd-Barron OBE (23 June 1925 – 15 May 2010) was an India-born British inventor, who led the team that installed the first cash machine, sometimes referred to as the automated teller machine or ATM.

Detailed explanation-3: -A cash machine was put into use by Barclays Bank in its Enfield Town branch in North London, United Kingdom, on 27 June 1967, which is recognized as the first ATM. This machine was inaugurated by English comedy actor Reg Varney.

Detailed explanation-4: -India’s largest private sector bank, ICICI launched the “ATM on Wheels” country first Mobile ATM, in Mumbai. It was connected to the bank through the GPRS technology.

There is 1 question to complete.