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A Scheduled bank as per the Reserve Bank of India regulations is a bank that is authorized to provide banking services in India. Without RBI authorization no bank is supposed to provide banking services in India.
Some Scheduled banks in India are:
- State bank of india
- icici bank
- hdfc bank
- punjab national bank
- etc
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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
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 Saraswat Bank a scheduled bank?
Yes, Saraswat Bank is a scheduled bank. In 1988, it was conferred with scheduled status by Reserve Bank of India.
WHAT IS scheduled 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.The banks included in this schedule list should fulfil two conditions.1. The paid capital and collected funds of bank should not be less than Rs. 5 lac.2.Any activity of the bank will not adversely affect the interests of depositors.Every Scheduled bank enjoys the following facilitiess.1. Such bank becomes eligible for debts/loans on bank rate from the RBI2. Such bank automatically acquire the membership of clearing house.The following are the Scheduled Banks in India (Public Sector):State Bank of IndiaState Bank of Bikaner and JaipurState Bank of HyderabadState Bank of IndoreState Bank of MysoreState Bank of SaurashtraState Bank of TravancoreAndhra BankAllahabad BankBank of BarodaBank of IndiaBank of MaharashtraCanara BankCentral Bank of IndiaCorporation BankDena BankIndian Overseas BankIndian BankOriental Bank of CommercePunjab National BankPunjab and Sind BankSyndicate BankUnion Bank of IndiaUnited Bank of IndiaUCO BankVijaya BankThe following are the Scheduled Banks in India (Private Sector):ING Vysya Bank LtdAxis Bank LtdIndusind Bank LtdICICI Bank LtdSouth Indian BankHDFC Bank LtdCenturion Bank LtdBank of Punjab LtdIDBI Bank LtdThe following are the Scheduled Foreign Banks in India:American Express Bank Ltd.ANZ Gridlays Bank Plc.Bank of America NT & SABank of Tokyo Ltd.Banquc Nationale de ParisBarclays Bank PlcCiti Bank N.C.Deutsche Bank A.G.Hongkong and Shanghai Banking CorporationStandard Chartered Bank.The Chase Manhattan Bank Ltd.Dresdner Bank AG.In the Private Sector category, Centurion Bank Ltd. and Bank of Punjab Ltd. are no more in existence. First, Bank of Punjab was merged into Centurion Bank and the merged entity was later merged into HDFC Bank Ltd.. It may also be noted that the Private Sector included Federal Bank Ltd. also.
List of scheduled bank in India approved by RBI for Bank Gurantee and deposit receipt?
The following are the Scheduled Banks in India (Public Sector):State Bank of IndiaState Bank of Bikaner and JaipurState Bank of HyderabadState Bank of TravancoreState bank of patiyalaAndhra BankAllahabad BankBank of BarodaBank of IndiaBank of MaharashtraCanara BankCentral Bank of IndiaCorporation BankDena BankIndian Overseas BankIndian BankOriental Bank of CommercePunjab National BankPunjab and Sind BankSyndicate BankUnion Bank of IndiaUnited Bank of IndiaUCO BankVijaya BankIDBI BANK LTDThe following are the Scheduled Banks in India (Private Sector):ING Vysya Bank LtdAxis Bank LtdIndusind Bank LtdICICI Bank LtdSouth Indian BankHDFC Bank LtdCenturion Bank LtdBank of Punjab Ltd
