The commercial banking structure in India consists of:
• Scheduled Commercial Banks in India
• Unscheduled Banks in India
Scheduled Banks in India constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934. RBI in turn includes only those banks in this schedule which satisfy the criteria laid down vide section 42 (6) (a) of the Act.
As on 30th June, 1999, there were 300 scheduled banks in India having a total network of 64,918 branches.The scheduled commercial banks in India comprise of State bank of India and its associates (8), nationalised banks (19), foreign banks (45), private sector banks (32), co-operative banks and regional rural banks.
"Scheduled banks in India" means the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955), a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959), a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), or under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980), or any other bank being a bank included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934), but does not include a co-operative bank".
"Non-scheduled bank in India" means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949), which is not a scheduled bank".
--------“SHEDULE BANK IS GOVERNED BY GOVERNMENT I.E
A GOVERNMENT OF "XYZ" UNDERTAKING.
NON-SHEDULE BANKS ARE PRIVATE BANKS THAT ARE NOT DIRECTLY GOVERNED BY THE GOVERNMENT BUT OBEY GOVERNMENT RULES AS OTHER BANKS”.------------
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Scheduled Banks;
1.They are included in the second schedule of RBI Act,1934
2.Their paid up capital and Reserve fund exceeds Rs 5 lakhs
3.They get benefits from RBI
Non Scheduled Banks;
1.They are not included in the second schedule of RBI Act,1934
2.Their paid up capital and Reserve fund is less than Rs 5 lakhs
3.They do not get benefits from RBI
Click on the following links to know about that.---
1-scheduled banks
2-nationalization of banks
3-following are scheduled banks in india
4-following are scheduled banks in india
5-following are scheduled foreign banks
• Scheduled Commercial Banks in India
• Unscheduled Banks in India
Scheduled Banks in India constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934. RBI in turn includes only those banks in this schedule which satisfy the criteria laid down vide section 42 (6) (a) of the Act.
As on 30th June, 1999, there were 300 scheduled banks in India having a total network of 64,918 branches.The scheduled commercial banks in India comprise of State bank of India and its associates (8), nationalised banks (19), foreign banks (45), private sector banks (32), co-operative banks and regional rural banks.
"Scheduled banks in India" means the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955), a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959), a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), or under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980), or any other bank being a bank included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934), but does not include a co-operative bank".
"Non-scheduled bank in India" means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949), which is not a scheduled bank".
--------“SHEDULE BANK IS GOVERNED BY GOVERNMENT I.E
A GOVERNMENT OF "XYZ" UNDERTAKING.
NON-SHEDULE BANKS ARE PRIVATE BANKS THAT ARE NOT DIRECTLY GOVERNED BY THE GOVERNMENT BUT OBEY GOVERNMENT RULES AS OTHER BANKS”.------------
-----------------------------------------------------------------------------------------------------------------------------------------
Scheduled Banks;
1.They are included in the second schedule of RBI Act,1934
2.Their paid up capital and Reserve fund exceeds Rs 5 lakhs
3.They get benefits from RBI
Non Scheduled Banks;
1.They are not included in the second schedule of RBI Act,1934
2.Their paid up capital and Reserve fund is less than Rs 5 lakhs
3.They do not get benefits from RBI
Click on the following links to know about that.---
1-scheduled banks
2-nationalization of banks
3-following are scheduled banks in india
4-following are scheduled banks in india
5-following are scheduled foreign banks
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