• Source: Scheduled Banks (India)

Scheduled Banks in India refer to those banks which have been included in the Second Schedule of Reserve Bank of India Act, 1934. Reserve Bank of India (RBI) in turn includes only those banks in this Schedule which satisfy all the criteria laid down vide section 42(6)(a) of the said Act.
Banks not under this Schedule are called Non-Scheduled Banks




Facilities


Every Scheduled bank enjoys two types of principal facilities: it becomes eligible for debts/loans at the bank rate from the RBI; and, it automatically acquires the membership of clearing house.




Types of banks


There are two main categories of scheduled banks in India, namely:

Scheduled Commercial banks
Scheduled Co-operative banks
Scheduled commercial Banks are further divided into six types, as below:

Scheduled Public Sector Banks
Scheduled Private Sector Banks
Scheduled Small Finance Banks
Regional Rural Banks
Foreign Banks
Payment banks (currently four banks Airtel Payments Bank, Fino Payments Bank, India Post Payments Bank, Paytm Payments Bank(Paytm payment Bank restricted to deposit money in 2024) have been granted Scheduled bank status).
Scheduled Co-operative banks are further divided into 2 types namely:

Scheduled State Co-operative banks
Scheduled Urban cooperative banks




See also


Banking in India
List of banks in India




References






Further reading


"Reserve Bank of India Act, 1934: The Second Schedule" (PDF). Reserve Bank of India. pp. 91–100.

Kata Kunci Pencarian:

• Grand Prix Amerika
• Scheduled Banks (India)
• List of banks in India
• Banking in India
• Regional rural bank
• List of banks in Bangladesh
• DCB Bank
• State Bank of India
• Reserve Bank of India
• IDBI Bank
• Constitution of India