First bank to introduce credit cards in India?
Q. Which was the first bank to introduce credit card in India?- Published on 13 Feb 17a. Canara Bank
b. Central Bank of India
c. Bank of Baroda
d. ICICI Bank
ANSWER: Central Bank of India
Central Bank was the first public bank to introduce credit card in India.
Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India.
It is based in Mumbai which is the financial capital of India and capital city of state of Maharashtra.
At present, Central Bank of India has overseas office at Nairobi, Hong Kong and a joint venture with Bank of India, Bank of Baroda, and the Zambian government.
The Zambian government holds 40 per cent stake and each of the banks has 20 per cent. Recently it has also opened a representative office at Nairobi in Kenya.
CBI – Central Bank of India
Founded - 21 December 1911; 105 years ago
Headquarter - Mumbai, Maharashtra, India
Current Head - Shri. Rajeev Rishi (Chairman & MD)
