Scheduled Banks in India refer to those banks which have been included in the Second Schedule of Reserve Bank of India Act, 1934.[1]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
Structure of the organised banking sector in India.
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.[2]
Types of banksedit
There are two main categories of scheduled banks in India, namely:
^Vanamali, Krishna Veera (13 December 2021). "What does a scheduled bank status mean for Paytm Payments Bank?". Business Standard India. Retrieved 5 January 2022.
Further readingedit
"Reserve Bank of India Act, 1934: The Second Schedule" (PDF). Reserve Bank of India. pp. 91–100.
April 14, 2024
scheduled, banks, india, scheduled, banks, india, refer, those, banks, which, have, been, included, second, schedule, reserve, bank, india, 1934, reserve, bank, india, turn, includes, only, those, banks, this, schedule, which, satisfy, criteria, laid, down, vi. Scheduled Banks in India refer to those banks which have been included in the Second Schedule of Reserve Bank of India Act 1934 1 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 BanksStructure of the organised banking sector in India Contents 1 Facilities 2 Types of banks 3 See also 4 References 5 Further readingFacilities editEvery 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 2 Types of banks editThere are two main categories of scheduled banks in India namely Scheduled Commercial banks Scheduled Co operative banksScheduled 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 have been granted Scheduled bank status 3 4 Scheduled Co operative banks are further divided into 2 types namely Scheduled State Co operative banks Scheduled Urban cooperative banksSee also editBanking in India List of banks in IndiaReferences edit List of Scheduled Banks by RBI PDF Reserve Bank of India Retrieved 5 January 2022 Bharatiya Mahila Bank included in second schedule to RBI Act Live Mint 21 May 2014 Retrieved 3 March 2015 https m rbi org in scripts bs viewcontent aspx Id 3657 bare URL Vanamali Krishna Veera 13 December 2021 What does a scheduled bank status mean for Paytm Payments Bank Business Standard India Retrieved 5 January 2022 Further reading edit Reserve Bank of India Act 1934 The Second Schedule PDF Reserve Bank of India pp 91 100 Retrieved from https en wikipedia org w index php title Scheduled Banks India amp oldid 1186495567, wikipedia, wiki, book, books, library,
