Multiple choice

Which is the first foreign bank to introduce 'Telebanking' services in India?

  1. Citi Bank

  2. Hongkong & Shanghai Banking Corporation

  3. Standard Chartered Bank

  4. Chase Manhattan Bank

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A Correct answer
Explanation

Citi Bank (Citibank) was the first foreign bank to introduce telebanking services in India. Telebanking allowed customers to conduct banking transactions over the phone. Citi Bank, being an innovative foreign bank, brought this technology to India in the 1990s. HSBC, Standard Chartered, and Chase Manhattan were not the first.