Question

Which bank launched India's first floating ATM?

• A. ICICI
• B. Union Bank
• C. SBI
• D. Federal Bank

Answer 1

Answer:

C. SBI

• Bank- SBI launched the first floating ATM in India

• First bank to introduce ATM system in India- HSBC ( 1987)

• Indian Bank - Vijaya Bank (Bengaluru, 1988) introduced the first ATM system in India.

• First bank to introduce ATM system in Kerala- British Bank of Middle East (Thiruvananthapuram, 1993)

• ICICI is the first bank to launch a mobile ATM in India

• First Post Office Savings Bank ATM in India - Chennai