Which was the first public sector bank to launch the Visa Card in India?
-
SBI
-
Andhra Bank
-
Bank of Baroda
-
Indian Overseas Bank
B
Correct answer
Explanation
Andhra Bank was the first public sector bank to launch Visa Card services in India, pioneering credit card access through the public sector banking system. While SBI is larger and Bank of Baroda is also major, Andhra Bank took the lead in Visa Card introduction. This was part of financial sector liberalization and modernization efforts in the Indian banking industry.