Banking Institutions and History

ICICI bank became the first in providing mobile ATM service. First rural branch and ATM launched in Uttar Pradesh at Delpandarwa, Hardoi.  ICICI Bank launched iMobile, a breakthrough innovation in banking where practically all internet banking transactions can now be simply done on mobile phones. 

The National Housing Bank (NHB) was established on July 9, 1988, under the National Housing Bank Act, 1987.

Exim Bank maintains regional offices in major Indian cities. The list provided in option 1 includes cities where they do not have a primary regional office.

EXIM Bank established a joint venture for factoring and forfaiting services with Global Trade Finance Limited, which was promoted by EXIM Bank, International Finance Corporation, and WestLB (Westdeutsche Landesbank).

Exim Bank of India acquired a stake in the Development Bank of Mauritius to strengthen its presence and facilitate trade finance in the African region.

Global Procurement Consultants Ltd. is a joint venture promoted by EXIM Bank, along with other financial institutions, to provide consultancy services.

The National Housing Bank is a wholly owned subsidiary of the Reserve Bank of India, which established it under the National Housing Bank Act, 1987.

Exim Bank has signed MoUs with various international bodies to promote trade, including the Economic Development Board of Bahrain.

An apex body with regards to housing finance is National Housing Bank.

UTI- I have been kept under the control of the government. In 2003, UTI was divided into two parts, UTI Mutual Fund (UTI MF) and a specified undertaking of UTI or UTI-I. UTI MF was brought under SEBI regulations while UTI-I was kept under direct government control since its schemes offered guaranteed returns. 

SAARC took the decision to establish 'South Asian Development Fund'. The fifteenth summit of SAARC was held in Colombo, Sri Lanka on 1-3 August 2008. The issues discussed were regional cooperation, partnership for growth for the peoples of South Asia, connectivity, energy, the environment, water resources, poverty alleviation, the SAARC Development Fund, transport, information and communications technology development, science and technology, tourism, culture, the South Asian Free Trade Area, the SAARC Social Charter, women and children, education, combating terrorism, and the admission of Australia and Myanmar as observers. 

ARCIL stands for Asset Reconstruction Company (India) Limited, which was the first asset reconstruction company set up in India to manage non-performing assets.

While many Indian banks have branches in major financial hubs like the UK, USA, and Russia, they do not have a significant presence in Switzerland.

The Reliance Anil Dhirubhai Ambani Group (ADAG) was the first Indian company to launch financial services for retail investors in China through a joint venture. This was a significant milestone for Indian financial firms expanding abroad.