Banking Institutions and History

HSBC introduced the first ATM in India in 1987 at Mumbai. This was a landmark moment in Indian banking automation. HDFC Bank was established in 1994, much later. SBI and Union Bank had extensive branch networks but were not the first to deploy ATM technology.

Corporation Bank was founded in 1906 in Udupi, Karnataka. It later merged with Union Bank of India in 2020, but it was indeed among India's major banks with a strong presence in South India.

K.V. Kamath graduated in mechanical engineering from KREC (Karnataka Regional Engineering College) Surathkal (now NIT Karnataka). He later became the CEO of ICICI Bank and served as Chairman of Infosys and BRICS Bank.

Dena Bank, established in 1938 and later merged with Bank of Baroda in 2019, featured Hindu Goddess Lakshmi in its official logo. Lakshmi is the goddess of wealth and prosperity, making her an appropriate symbol for a banking institution. The logo reflected the bank's Indian heritage and its focus on prosperity for its customers.

Oriental Bank of Commerce (OBC) was founded in 1943 in Lahore by Rai Bahadur Lala Sohan Lal. After Partition in 1947, the bank's registered office moved from Lahore to Amritsar, and later to New Delhi where its head office is currently located. ICICI is a much newer private sector bank (1994), while Canara Bank was founded in 1906 in Mangalore, not Lahore.

Bank of India was the first Indian bank to open an international branch, establishing its London office in 1946, just before India's independence. This pioneering move marked the beginning of Indian banks' global expansion. RBI is India's central bank and doesn't have commercial branches, while SBI's international expansion came later.

Andhra Bank's tagline was 'Much More To Do, With YOU In Focus', emphasizing customer-centric service. The other options are taglines of other banks: 'India's International Bank' (Bank of Baroda/UCO), 'Dare To Dream' (Bank of Rajasthan), and 'Welcome To The World of Banking' (Bank of India).

Union Bank of India's tagline is 'Good People To Bank With', emphasizing trust and customer relationships. The other options belong to: 'Your Right Partner' (also UBI), 'Banking India' (various), and 'India's International Bank' (Bank of Baroda/UCO).

Bank of Rajasthan's tagline was 'Dare To Dream'. The other options are: 'India's International Bank' (Bank of Baroda), and the other options appear to be variations or made-up options.

We know money was AIG's tagline. The other options (ICICI Pru, HDFC Standard, Bajaj Alliance) are Indian insurance companies that use different slogans.

My life. My card. was American Express's slogan emphasizing personal connection to their card services. HDFC, Axis Bank, and Standard Chartered are financial institutions but use different taglines.

SIDBI (Small Industries Development Bank of India) was established in 1990, making it the oldest among these institutions. UTI was established in 1964 (but as a mutual fund, not a development bank), ICICI in 1955 (as a financial institution), and HDFC in 1977. SIDBI is the oldest specialized development bank among the options.

CIBIL stands for Credit Information Bureau (India) Limited, India's first credit information company. It maintains credit records of individuals and companies. Option C incorrectly says 'Intelligence' instead of '(India)', and options A and B incorrectly use 'Customer' instead of 'Credit'.

The Imperial Bank of India, which was the oldest and largest commercial bank in India, was renamed as the State Bank of India on April 30, 1955, when it became nationalized. This was part of the post-independence reorganization of India's banking sector. The other banks listed (Canara, South Indian, Bank of India) are separate entities that were not part of this renaming.