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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".

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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


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Yes, Saraswat Bank is a scheduled bank. In 1988, it was conferred with scheduled status by Reserve Bank of India.



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.


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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.



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.



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