Multiple choice general knowledge

Which was the first Indian Bank to introduce credit card?

  1. State Bank of India

  2. Central Bank of India

  3. Union Bank of India

  4. ICICI
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Central Bank of India was the first Indian bank to introduce credit cards in the early 1980s, launching the 'Central Card' to provide credit facilities to customers. State Bank of India, Union Bank of India, and ICICI (then a financial institution) introduced credit cards later. The Central Card was a pioneering step in the Indian banking sector's move toward plastic money.

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