0
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.
What else can I help you with?
What is the difference between professional and non-professional?
About 100,000 a year.
What is the difference between fast coloreds and non fast coloreds clothes?
The difference is fast colors won't "bleed" their color and the non fast will.
History of pandiyan grama bank?
The Pandiyan Grama Bank in Tamil Nadu, India, is a schedule public sector bank. It was founded at Sattur on March 9, 1977. It was shifted to Virudunagar in 1993. It helps to finance the agricultural and non agricultural sectors of rural India.
What is the difference between uniform quantization and non uniform quantization?
one syllable LOL
What is the difference between a biological parent and non custodial parent?
None, as both are usually biological parents.
What are differences between commercial bank and non bank financial institution?
difference between non bank and commercial 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 non-bank?
the banks which are not under the purview of second schedule of RBI Act.
What is the difference between a proposition and a non proposition?
difference between a proposition and non proposition
Example of non-scheduled bank?
the banks which are not under the purview of second schedule of RBI Act.
What is the difference between scheduled and unscheduled bank?
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".
What is the difference between Financial and non financial institutions?
The main difference between financial and non financial institutions is in their functions. Financial institutions will accepts deposits and offer financial services like loans and so on while non-financial institutions do not engage in financial activities.
What is the difference between agriculture and non-agriculture?
Agriculture is farming and non-agriculture is non farming.
Difference between typing and non typing keys?
Difference between typing and non typing keys
Whats The difference Between A Regular Ford And A Ford Hybrid?
The main difference between hybrid and non-hybrid vehicles is that hybrid vehicles use a bank of batteries along with an electric motor to power the car.
What are the difference between managerial and non managerial levels?
Discuss the difference between managerial and non managerial tasks?
Difference between operational communication and non operational communicatuion?
what is difference between operatyional and non operational communication
