13 Interesting facts related to Indian Banking

Written By Admin on August 5, 2014 | Tuesday, August 05, 2014

1. Allahabad Bank is the oldest Joint Stock Bank of India.
2. Andhra Bank was founded by Freedom Fighter Dr. Bhogaraju Pattabhi Sitaramayya
3. Bank of India, London, 1946 was first bank to open a branch outside India.
4. The first bank to be given an ISO 9002 certificate for one of its branches -- Canara Bank
5. The Postal Dept has issued a commemorative stamp in the name of this bank celebrating 100 years in 2011 -- Central Bank of India
6. First Indian Bank to be wholly owned by Indians -- Central Bank of India
7. The bank formed on the efforts of Lala Lajpat Rai -- Punjab National Bank
8. The only merger of nationalized banks took place between -- Punjab National Bank and New Bank of India in 1993
9. The bank whose brand equity is "Pygmy Deposit Scheme" -- Syndicate Bank
10. The bank which was conceived by Shri GD Birla -- UCO Bank
11. The bank which was inaugurated by Mahatma Gandhi in 1919 -- Union Bank of India
12. The largest among nationalized banks -- Punjab National Bank
13. The bank established in the year 1913 as Bank of Mysore Ltd. at the instance of the banking committee headed by the great Engineer - Statesman, Late Dr. Sir M.Visvesvaraya -- State Bank of Mysore