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What is the difference between schedule and non schedule bank?
Schedule banks are those which are included in the Second Schedule of Banking Regulation act 1965; others are non schedule banks. To be included in the Second Schedule, a bank (a) must have paid up capital and reserves of not less than Rs. 5 lakhs (b) it must also satisfy the RBI that its affairs are not conducted in a manner detrimental to the interests of its depositors. Schedule banks are required to maintain a certain amount of reserves with the RBI; they in return, enjoy the facility of financial accomodation and remittance facilities at concessional rates from RBI. The difference between schedule and non schedule is immaterial as the number of non schedule bank is almost nil.
Is PNC Bank open on December 24 2012?
Yes according to their ACH Holiday schedule
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
Definition of apex bank in term of India?
Apex Banks are those banks in India which controls the other bank in india. It is RBI in India.
Catholic Syrian bank is the schedule bank approved by rbi?
Yes. Catholic Syrian Bank is a private sector scheduled bank that is approved by the RBI to carry out banking operations in India. It was established in the year 1920 in Kerala, India and currently has 363 branches and more than 125 ATMs in India
What is the definition of a bank credit?
A bank credit is when someone takes out a loan from a bank where they are not required to pay the debt back immediatly and a payment schedule will be made.
Is Abn Amro schedule Bank?
yes it is a schedule bank
Is sbi bank is a schedule bank?
NO
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.
How many scheduled banks in India?
whether RRBs are schedule bank
What is Definition of pipe schedule?
pipe schedule is an American definition to define pipe thickness and how much pressure can the pipe stand, schedules are 10,20,40,80.., pipe schedule is nearly close to the eurobian definition for pipe class.
Legal definition of a bank loan drawdown?
what is the definition of bank "drawdown"
Whether ICICI Bank Schedule Bank?
Yes, ICICI bank is a scheduled commercial bank
Definition of urban co op bank in India?
definition of co op urben bank
When openeing a bank account its important to review provided to you by your bank?
fee schedule
What is the definition of banking by 10 authors?
definition of bank
Is Axis Bank a schedule bank?
Yes. Axis Bank is a scheduled bank in India under Private Sector Banks category.
