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First bank in India to introduce cheque system

ABank of Hindustan

BBengal Bank

CAllahabad Bank

DReserve Bank of India

Answer:

B. Bengal Bank

Read Explanation:


  • First Digital Bank - Digi Bank
  • First computerised bank in India - Bank of India
  • The first Bank to get ISO Certificate - Canara Bank
  • First bank in India introduced cheque system - Bengal Bank
  • First Bank introduced Net Banking (internet banking) in India - ICICI
  • First Bank introduce Credit card in India - Central Bank of India
  • First payment Bank - Airtel Payments Bank
  • First small finance Bank - Capital Small Finance Bank
  • First Bank introduce ATM in India - HSBC 1987
  • First Mutual Fund in India - Unit Trust of India (UTI) -1963

Related Questions:

A system of banking that involves private firms or individuals who act as a bank by providing financial services
On the security of FDR (Fixed Deposit Receipt), the bank provides up to ---% of the amount as FD loans.
Bank of Bengal was established by
Pigmy Deposit was introduced by ----.

In banking, 'Safety' is treated as a cardinal principle of lending. Which of the following statement/s best explains it ?

  1. It is borrower's capacity to pay.
  2. It is borrower's willingness to pay.
  3. It is borrower's capacity to income generation.
  4. It is borrower's not using loan for consumption purpose.