Banking Institutions and History

SBI launched its 24-hour 'Banking Plaza' service in Lucknow to provide integrated banking, internet, and insurance services.

State Bank of India (SBI) was the first Indian bank to reach a market capitalization of Rs 1 lakh crore in 2006.

The Reserve Bank of India (RBI) acts as the central bank and the banker to the Government of India.

As of 2011, Karur Vysya Bank was a private sector bank, not a nationalized bank. Canara Bank, Dena Bank, and Bank of Maharashtra were all public sector banks under government ownership.

"ICICI Bank" 

Pratip Chaudhuri succeeded O.P. Bhatt as Chairman of State Bank of India in 2011. K.V. Kamath was associated with ICICI and later Infosys, while Suman Bery and Siddharth Mehta were not SBI Chairmen. The spelling in the option has a minor error but refers to the correct person.

The International Bank for Reconstruction and Development (IBRD) is the primary lending arm of the World Bank Group.

The Reserve Bank of India (RBI) has historically moved to withdraw its nominee directors from the boards of private sector banks to promote better corporate governance and reduce conflict of interest.

HSBC (Hongkong and Shanghai Banking Corporation) famously used the marketing slogan 'The World's Local Bank' for many years.

The slogan 'A Passion to Perform' is the global brand tagline for Deutsche Bank.

Punjab National Bank (PNB) launched India's first biometric ATM to provide banking services to illiterate or semi-literate customers using fingerprint authentication.

In 2008, Reliance Mutual Fund was one of the leading mutual funds in India in terms of Assets Under Management (AUM).

Citibank was a pioneer in the Indian credit card market and held a dominant market share for many years after introducing the product to the country.

In October 2014, the Indian government submitted a list of 627 names of individuals holding accounts in HSBC Bank, Geneva, to the Supreme Court as part of an investigation into black money.