imported>Materialscientist: Reverted edits by 2409:4063:4106:FFE0:E50:9138:8DBC:D713 (talk) (HG) (3.4.10)

2021-06-13T12:48:02Z

Reverted edits by 2409:4063:4106:FFE0:E50:9138:8DBC:D713 (talk) (HG) (3.4.10)

New page

[[File:Scheduled banking structure in India.png|thumb|410px|Structure of the organised banking sector in 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 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 (finance)|clearing house]].<ref name=Mahila>{{cite news|title=Bharatiya Mahila Bank included in second schedule to RBI Act|url=http://www.livemint.com/Companies/XcNE4PyAgTl9yKjjdT8FmN/Bharatiya-Mahila-Bank-included-in-second-schedule-to-RBI-Act.html|accessdate=3 March 2015|work=[[Live Mint]]|date=21 May 2014}}</ref>

==Types of banks==
There are two main categories of commercial banks in India namely -
* Scheduled [[Commercial bank]]s
* Scheduled [[Cooperative banking|Co-operative banks]]
Scheduled commercial Banks are further divided into 5 types as below -

# Nationalised Banks
# Development Banks
# Regional Rural Banks
# Foreign Banks
# Private sector Banks

Scheduled Co-operative banks are further divided into 2 types namely -

# Scheduled State Co-operative banks
# Scheduled Urban Co-operative banks

==See also==
* [[Banking in India]]
* [[List of banks in India]]

==References==
{{Reflist}}

==Further reading==
* {{cite web|title=Reserve Bank of India Act, 1934: The Second Schedule|url=http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/RBIAM_230609.pdf|page=91-100|publisher=[[Reserve Bank of India]]}}

[[Category:Banking in India]]

Scheduled Banks (India) - Revision history

imported>Materialscientist: Reverted edits by 2409:4063:4106:FFE0:E50:9138:8DBC:D713 (talk) (HG) (3.4.10)