Multiple choice

Which is the first foreign bank to offer interest on Savings Bank accounts at quarterly intervals?

  1. Bank of Nova Scotia

  2. Hongkong & Shanghai Banking Corporation

  3. Standard Chartered Bank

  4. Dresdner Bank

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

HSBC (Hongkong and Shanghai Banking Corporation) was the first foreign bank in India to offer interest on savings accounts calculated at quarterly intervals.