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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. 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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What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
What is the difference in scheduled non scheduled banks?
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.
Is OBC bank a scheduled bank?
Yes. Oriental Bank of Commerce is a Scheduled bank.
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
What is Unscheduled bank?
An Unscheduled Bank is one which is defined in clause (c) section 5 of the Banking Regulation Act 1949.
Difference between schedule bank and nonschedule bank?
Scheduled bank" means a bank included in the Second Schedule of the Reserve Bank of India Act, 1934.
What is the difference between a scheduled bank and public sector bank?
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.
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
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
What is the difference in scheduled non scheduled banks?
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.
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
What is the difference between traditional banking and modern banking?
difference between modern and traditional banking is
