Home
Wiki User
Answered 2009-02-04 08:07:01
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. 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".
Your Answer
Related Questions
Scheduled bank" means a bank included in the Second Schedule of the Reserve Bank of India Act, 1934.
A scheduled bank is a private sector bank given a schedule status by the RBI while a Public sector bank is a government undertaking bank .Some scheduled bank were nationalised to merge with other public sector bank or operate independently as government undertaking banks.
An Unscheduled Bank is one which is defined in clause (c) section 5 of the Banking Regulation Act 1949.
nationalized means govt controls it while scheduled banks are ltd pvt companies only controlled by RBI
What is the difference between bank loan and bank credit?
Yes, Saraswat Bank is a scheduled bank. In 1988, it was conferred with scheduled status by Reserve Bank of India.
Yes it is a scheduled bank
what is the difference between commercial and development bank
Yes ICICI bank is a scheduled bank
Yes. Oriental Bank of Commerce is a Scheduled bank.
Rajasthan Bank 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. They are a Scheduled bank and hence there is no reason about why they were not included in the scheduled banks list.
Yes it is a scheduled commercial bank in india
a schedule bank is one authorized by reserve bank of India to act as a banker (under section 2 (e) of RBI Act. only scheduled banks can do banking business in India. RBI is has direct control over the functioning of Scheduled Banks. Non-scheduled bank in India are banks defined in section 5 of the Banking Regulation Act, 1949 (10 of 1949), which is not a scheduled bank.
non scheduled bank is a bank which not controlled by central bank like, accf 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
Yeh, Shinhan bank is Scheduled commercial bank approved by RBI.
What is the difference between old bank and new bank
difference between commercial bank and reserve bank of india
Yes, HDFC is a scheduled bank which is listed in the second schedule of the RBI Act.
YEs it is a scheduled Commercial Bank Vivek Kailas
When an bank has its operations and branches in different states of a country.
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
The main difference between a commercial bank and a private bank is the involvement of the central bank. In a private bank, the central bank does not have any stakes like it does in commercial banks.
difference between non bank and commercial bank?
Jammu and Kashmir Bank is a scheduled private commercial bank in India. It is authorized by the Reserve Bank of India to provide banking operations in the country. It is a private bank and so it is not owned by the Government of India.
What is the fourth element of the periodic table of elements?
Asked By Wiki User
What is ROBLOX's password on roblox?
Asked By Wiki User
Asked By Wiki User
How do you get 1000000 robux for free?
Asked By Wiki User
What is the difference between scheduled and unscheduled bank?
Asked By Wiki User
Why does rupaul wear a colostomy bag?
Asked By Wiki User
What is Hugh hefner penis size?
Asked By Wiki User
What is the timbre of the song dandansoy?
Asked By Wiki User
Ano ang kultura at tradisyon ng bansang England o inglaterra?
Asked By Wiki User
Copyright © 2021 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.