Which was the first bank to introduce ATM services in India?
-
State Bank Of India
-
ICICI
-
HSBC
-
Syndicate Bank
C
Correct answer
Explanation
HSBC (Hongkong and Shanghai Banking Corporation) introduced the first ATM in India in 1987. This marked a significant milestone in Indian banking history, bringing 24/7 cash withdrawal services to Indian customers for the first time. The innovation revolutionized how people accessed their bank accounts and conducted basic banking transactions.