Which of the following banks set up the first floating automated teller machine ATM service in the world on a boat for customers?

Introduction / Context:
This question checks banking and business awareness. The first floating ATM in the world was a notable innovation, especially in the context of providing banking services in regions connected by waterways. Knowing which bank introduced this service reflects a candidate awareness of unique initiatives in the banking sector.

Given Data / Assumptions:
- The question asks which bank set up the first floating ATM in the world.
- Options are Bank of America, Barclays Bank, Axis Bank, State Bank of India and HSBC.
- We assume the question refers to the floating ATM that operated from a boat in India.

Concept / Approach:
The first floating ATM is associated with State Bank of India, which installed it on a boat in Kerala to serve people using backwaters and waterways. It is an example of innovative service delivery by a large public sector bank. Other international banks listed are well known but not credited with this particular initiative.

Step-by-Step Solution:
Step 1: Recall that the floating ATM in question was widely reported as a State Bank of India initiative. Step 2: Remember that it was installed on a boat in Kerala to serve tourists and local residents in water bound areas. Step 3: Compare this memory with the options and identify State Bank of India as the only Indian public sector bank listed. Step 4: Select State Bank of India as the correct answer.

Verification / Alternative check:
As a check, note that Bank of America, Barclays and HSBC are foreign banks and their well known innovations are typically in other markets. Axis Bank is a private sector Indian bank that has introduced various ATMs, but the floating ATM concept is most commonly attributed to State Bank of India. This cross check supports the choice.

Why Other Options Are Wrong:
Bank of America is incorrect because it did not launch the widely publicised floating ATM on an Indian boat.
Barclays Bank is wrong; although it has experimented with different banking channels, it is not connected with this specific first floating ATM.
Axis Bank is incorrect in this context; it has many ATMs but not the pioneering floating ATM discussed here.
HSBC is a multinational bank known for international operations, but it is not the bank behind this initiative.

Common Pitfalls:
Some candidates may be tempted to choose a foreign bank like Bank of America or HSBC by assuming that only global giants could pioneer such a service. Others may confuse the floating ATM with mobile ATMs or ATM vans. Reading Indian banking current affairs carefully and noting special achievements of public sector banks prevents such confusion.

Final Answer:
Therefore, the world first floating ATM service on a boat was set up by State Bank of India.