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India's banking sector

The highest ATM in India is located inů?
Take the rediff business quiz and see how much you know about banks in India.

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1. When was the State Bank of India established?
a) 1969
b) 1982
c) 1955

2. Where is the highest ATM in India located?
a) Sikkim
b) Ladakh
c) Siachen

Wrong! Try again..
Wrong!
The correct answer is Sikkim.
On December 12, 2003, UTI Bank inaugurated its ATM at Thegu, near the Nathu-la Pass in Sikkim, which is at 13,200 feet above sea level. That makes it an ATM at the highest location in India. NCR Corporation provided the technology to build this heat-generating ATM, which is capable of handling rough weather and sub-zero temperatures. The ATM caters to Indian army personnel -- especially of the 63rd Mountain Brigade, which has its headquarters there and tourists.
Correct!
On December 12, 2003, UTI Bank inaugurated its ATM at Thegu, near the Nathu-la Pass in Sikkim, which is at 13,200 feet above sea level. That makes it an ATM at the highest location in India. NCR Corporation provided the technology to build this heat-generating ATM, which is capable of handling rough weather and sub-zero temperatures. The ATM caters to Indian army personnel -- especially of the 63rd Mountain Brigade, which has its headquarters there and tourists.

3. Which bank is the largest issuer of credit cards in India?
a) Citibank
b) ICICI Bank
c) Standard Chartered

Wrong! Try again..
Wrong!
The correct answer is Citibank.
Credit cards is one of the fastest growing segments in personal banking today. Citibank, one of the biggest foreign banks in India, is regarded as the largest issuer of credit cards in the country. As of January 2004, Citibank was estimated to have issued 2.4 million cards, HDFC Bank (425,000 cards), State Bank of India (1.4 million), while ICICI Bank is said to have issued 2 million cards.
Correct!
Credit cards is one of the fastest growing segments in personal banking today. Citibank, one of the biggest foreign banks in India, is regarded as the largest issuer of credit cards in the country. As of January 2004, Citibank was estimated to have issued 2.4 million cards, HDFC Bank (425,000 cards), State Bank of India (1.4 million), while ICICI Bank is said to have issued 2 million cards.

4. Which is the oldest public sector bank in India?
a) Vijaya Bank
b) State bank of India
c) Allahabad Bank

Wrong! Try again..
Wrong!
The correct answer is Allahabad Bank.
Allahabad bank is India's oldest public sector bank. Set up in 1865, it completes 140 years of existence next year. It has a network of over 2,000 branches and offices with a significant presence in rural and semi-urban areas.
Correct!
Allahabad bank is India's oldest public sector bank. Set up in 1865, it completes 140 years of existence next year. It has a network of over 2,000 branches and offices with a significant presence in rural and semi-urban areas.

5. Which Indian bank belongs to the Hinduja brothers?
a) Cosmos Bank
b) Centurion Bank
c) IndusInd Bank

Wrong! Try again..
Wrong!
The correct answer is IndusInd Bank .
IndusInd bank was conceptualised by S P Hinduja, the chairman of the Hinduja Group, who also acts as the global coordinator for the bank. It was touted as the first commercial bank in the private sector when it was launched in 1994 with a capital base of Rs 100 crore.
Correct!
IndusInd bank was conceptualised by S P Hinduja, the chairman of the Hinduja Group, who also acts as the global coordinator for the bank. It was touted as the first commercial bank in the private sector when it was launched in 1994 with a capital base of Rs 100 crore.

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Compiled by: Priya Ganapati



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