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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.
The banks included in this schedule list should fulfil two conditions.
1. The paid capital and collected funds of bank should not be less than Rs. 5 lac.
2.Any activity of the bank will not adversely affect the interests of depositors.
Every Scheduled bank enjoys the following facilitiess.
1. Such bank becomes eligible for debts/loans on bank rate from the RBI
2. Such bank automatically acquire the membership of clearing house.
The following are the Scheduled Banks in India (Public Sector):
- State Bank of India
- State Bank of Bikaner and Jaipur
- State Bank of Hyderabad
- State Bank of Indore
- State Bank of Mysore
- State Bank of Saurashtra
- State Bank of Travancore
- Andhra Bank
- Allahabad Bank
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Canara Bank
- Central Bank of India
- Corporation Bank
- Dena Bank
- Indian Overseas Bank
- Indian Bank
- Oriental Bank of Commerce
- Punjab National Bank
- Punjab and Sind Bank
- Syndicate Bank
- Union Bank of India
- United Bank of India
- UCO Bank
- Vijaya Bank
The following are the Scheduled Banks in India (Private Sector):
- ING Vysya Bank Ltd
- Axis Bank Ltd
- Indusind Bank Ltd
- ICICI Bank Ltd
- South Indian Bank
- HDFC Bank Ltd
- Centurion Bank Ltd
- Bank of Punjab Ltd
- IDBI Bank Ltd
The following are the Scheduled Foreign Banks in India:
- American Express Bank Ltd.
- ANZ Gridlays Bank Plc.
- Bank of America NT & SA
- Bank of Tokyo Ltd.
- Banquc Nationale de Paris
- Barclays Bank Plc
- Citi Bank N.C.
- Deutsche Bank A.G.
- Hongkong and Shanghai Banking Corporation
- Standard Chartered Bank.
- The Chase Manhattan Bank Ltd.
- Dresdner Bank AG.
In the Private Sector category, Centurion Bank Ltd. and Bank of Punjab Ltd. are no more in existence. First, Bank of Punjab was merged into Centurion Bank and the merged entity was later merged into HDFC Bank Ltd.. It may also be noted that the Private Sector included Federal Bank Ltd. also.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoA Scheduled Commercial Bank is a bank that is registered with the Reserve Bank of India and is authorized by the RBI to provide banking services. Without the approval from RBI a bank cannot provide banking services in India. There are many scheduled commercial banks in India. Some are: ICICI Bank, State Bank of India, HDFC Bank, Bank of Baroda etc
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Is Saraswat Bank a scheduled bank?
Yes, Saraswat Bank is a scheduled bank. In 1988, it was conferred with scheduled status by Reserve Bank of India.
Is Karur Vysya Bank a schedule bank?
Yes, Bank of Rajasthan is a Scheduled private bank as per the Reserve Bank of India regulations and is authorized to provide banking services in India. It was classified as a Scheduled Bank in the year 1948
What is the meaning of scheduled bank and which are scheduled banks?
A Scheduled bank as per the Reserve Bank of India regulations is a bank that is authorized to provide banking services in India. Without RBI authorization no bank is supposed to provide banking services in India.Some Scheduled banks in India are:State bank of indiaicici bankhdfc bankpunjab national banketc
Is Federal Bank a scheduled bank?
Yes, Federal Bank is a scheduled bank.Yes. Federal bank is a scheduled private bank in India. It is a privately held company headquartered in Kochi, Kerala. Mr. Shyam Srinivasan is the Managing Director and CEO of Federal Bank. It is more than 700 branches in India.
Is abn ambro bank is scheduled bank in India?
yes
Is Saraswat Bank a scheduled bank?
Yes, Saraswat Bank is a scheduled bank. In 1988, it was conferred with scheduled status by Reserve Bank of India.
Is Shamrao Vithal Bank is Scheduled Bank?
Yes it is a scheduled bank
Is OBC bank a scheduled bank?
Yes. Oriental Bank of Commerce is a Scheduled bank.
List of non scheduled bank in Pakistan?
bank of khyber, bank of pujab, sindh bank
What is non-scheduled bank in Bangladesh?
non scheduled bank is a bank which not controlled by central bank like, accf bank
What do you mean by non-scheduled bank?
Schedule bank are bank which bank maintining CRR in RBI called Scheduled bank, Non-Scheduled bank reverse. its my thoughts if want go for others information
Is shinhan bank is approved scheduled bank by RBI?
Yeh, Shinhan bank is Scheduled commercial bank approved by RBI.
Is Yes Bank is a scheduled bank?
NO
Whether ING Vysya Bank is a Scheduled Commercial bank?
YEs it is a scheduled Commercial Bank Vivek Kailas
Is HDFC Bank a Scheduled Bank?
Yes, HDFC is a scheduled bank which is listed in the second schedule of the RBI Act.
How scheduled bank become multi state scheduled bank?
When an bank has its operations and branches in different states of a country.
Is Karur Vysya Bank a schedule bank?
Yes, Bank of Rajasthan is a Scheduled private bank as per the Reserve Bank of India regulations and is authorized to provide banking services in India. It was classified as a Scheduled Bank in the year 1948
