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Banking GK
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Which is the first bank to introduce intra-bank inter-city Cheque Truncation System in India?
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A
Punjab National Bank
💡 Explanation:
Punjab National Bank was the first bank to implement intra-bank inter-city cheque truncation in India. Cheque truncation eliminates physical cheque movement by using electronic images, speeding up clearance. PNB pioneered this system for inter-city transactions within their own network. SBI and Corporation Bank adopted it later.