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First Banking Finance People

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First Banking Finance People

First Banking Finance People

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There have been numerous news where a Bank became first in India or an Indian state became the first in the country to achieve or launch something. The list made up of all the Important First Banking Finance People from World wide from November 2017 to January 2018. This is an important topic for General Awareness section of different competitive exams.


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Below table presents the list of First Banking Finance People from World wide:

  • Telangana has become the first state government to take up asset monetisation through toll-operate-transfer (TOT) initiative and has appointed transaction advisors for Hyderabad Outer Ring Road.
  • IndusInd Bank and Dynamics Inc. at the 2018 Consumer Electronics Show (CES) announced plans to introduce the first battery-powered, interactive payment cards to the Indian market in 2018.
  • Telangana Industrial Health Clinic Ltd (TIHCL), a State government initiative, has got RBI clearance to register and function as a non-banking finance company (NBFC). It will be the first State promoted and co-financing NBFC.
  • Finance Minister Arun Jaitley launched the country’s First Agri-commodity Options Contracts in Guar Seed on the occasion of Makar Sankranti.
  • The BSE’s India International Exchange (India INX) in January, 2018 listed the IRFC’s green bonds on its debt listing platform – the global securities market. With this, the Indian Railway Finance Corporation’s (IRFC) green bonds have become the first debt security to be listed on an exchange at International Financial Services Centre in Gujarat’s GIFT city.
  • India’s first app for real estate brokers – ‘Wajood’ – launched.
  • Reliance Industries (RIL) became the first Indian company to cross the Rs. 6-lakh crore mark in market capitalization.
  • The state-run Indian Institute of Information Technology and Management-Kerala (IIITM-K) is all set to launch its proposed Kerala Blockchain Academy, which will be the first of its kind in the country.
  • India’s most-valued lender HDFC Bank Ltd in January, 2018 crossed Rs5 trillion market capitalisation for the first time, making it only Indian bank to achieve this milestone.
  • Maharashtra becomes first Indian state to allow businesses to run 24×7. The changes in the Act, however, will not apply to liquor shops and bars.
  • Pluto Exchange in December announced the launch of India’s first mobile application for transacting in virtual currencies.
  • US buyout giant KKR &amp Co has become the first foreign investor to fully own an asset reconstruction company (ARC) in India as it received approval from the Reserve Bank of India.
  • India’s largest mobile-first financial services platform, Paytm in December announced that its app has crossed the 100 million milestone on Google Play Store in the second week of December 2017. This makes Paytm the country’s first payments app to cross the 100 million downloads mark.
  • India’s gateway to northeast India, Assam is all set to hold its first Global Investors Summit on February 3 and 4, 2018.
  • For the first time in the country, Kerala has readied a centrally-run, server-based e-ticketing mechanism for movie houses.
  • Rubique has announced its partnership with CIBIL in December, India’s premier Credit Information Company (CIC) to provide credit scores and valuable insights on its platform, thereby increasing the transparency in the conventionally-opaque credit-seeking process for its users. This is the first ever tie-up for CIBIL with a fintech company like Rubique.
  • FundsIndia.com,India’s premier investment platform for mutual funds and equities, has partnered with YES BANK to launch Unified Payments Interface (UPI) on their Android app for mutual fund payments. Powered by YES BANK, FundsIndia becomes the first online mutual fund distributor to support UPI for client payments.
  • State Bank of India (SBI) on 24 November 2017 launched country’s first integrated lifestyle and banking digital service application named YONO or ‘You Only Need One’. It is the first platform to offer online purchase and view of insurance policies within the portal, without redirecting customer to respective service providers.
  • ICICI Bank launched India’s first voice-based international remittance service on its Money2India Application. This would enable a Non-Resident Indian (NRI) customer of ICICI Bank to send money to any bank in India via just a simple voice command to Apple’s virtual voice assistant, Siri, on his/her Apple iPhone/iPad. ICICI Bank is the first bank in the country to leverage on Apple’s virtual voice assistant to enable cross border remittances.
  • For the first time in India, SBI in Mumbai hosted 34th annual conference of the Asian Bankers Association (ABA). The theme was ‘Asia’s turn to transform. Asian Bankers Association is headquartered at Taipei, Taiwan.