---
type: LearningResource
title: Firsts in the Indian Banking Sector
canonical: "https://www.easy2crack.com/study-materials/indian-gk/firsts-in-the-indian-banking-sector-KBi7QK5x"
subject: Indian GK
format: null
free: true
updated: null
tags: ["study-material", "notes", "indian-gk"]
---
# Firsts in the Indian Banking Sector

## Firsts in the Indian Banking Sector

| Banking First | Institution / Person | Details |
| --- | --- | --- |
| First Bank in India | Bank of Hindustan | Established 1770 in Calcutta; liquidated in 1832 |
| First Governor of the Reserve Bank of India (RBI) | Sir Osborne Smith | 1935 |
| First Indian Governor of the RBI | Sir Chintaman Dwarkanath Deshmukh (C.D. Deshmukh) | 1943 |
| First Bank to Introduce ATMs in India | HSBC | 1987, Mumbai |
| First Bank to Introduce Savings Accounts | Presidency Bank (Bank of Bengal) | 1830 |
| First Bank to Introduce Cheque System | Bank of Hindustan / Bengal Bank | — |
| First Bank to Introduce Internet Banking | ICICI Bank | 1998 |
| First Bank to Launch Mutual Funds | State Bank of India (SBI) | 1987 |
| First Bank to Issue Credit Cards | Central Bank of India | 1980 |
| First Joint-Stock Bank in India | Allahabad Bank | Established 1865 |
| First Payment Bank in India | Airtel Payments Bank | — |
| First All-Women Public Bank | Bharatiya Mahila Bank | Established 2013; later merged with SBI |
| First Regional Rural Bank (RRB) | Prathama Bank | Headquartered in Moradabad, Uttar Pradesh |
| First Co-operative Bank | Anyonya Co-operative Bank Limited | Established in Vadodara, Gujarat |
| First Indian Bank to Open an Overseas Branch | Bank of India | Opened a branch in London in 1946 |
| First Bank Established Solely with Indian Capital | Punjab National Bank (PNB) | Established in 1894 in Lahore |

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