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This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]
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 ...
Reserve Bank of India Act, 1934 is the legislative act under which the Reserve Bank of India (RBI) was formed. This act along with the Companies Act , which was amended in 1936, were meant to provide a framework for the supervision of banking firms in India .
Governor of the Reserve Bank of India [6] [3] [4] [5] 3 P. C. Bhattacharya: 1 March 1957 28 February 1962 4 years, 364 days Indian Audits and Accounts Service officer Governor of the Reserve Bank of India [7] [3] [4] [5] 4 Borra Venkatappaiah: 1 March 1962 28 February 1965 2 years, 364 days Indian Civil Service (ICS) officer
The share of the bank sector held by the public banks continued to grow through the 1980s, and by 1991 public sector banks accounted for 90% of the banking sector. A year later, in March, 1992, the combined total of branches held by public sector banks was 60,646 across India, and deposits accounted for ₹1,10,000 crore.
The Reserve Bank of India (abbreviated as RBI) ... RBI maintains banking accounts of all scheduled banks. [81] Commercial banks create credit. It is the duty of the ...
The Reserve Bank of India (RBI) on Thursday removed Bank of India and Bank of Maharashtra from its prompt corrective action plan (PCA) for state-owned banks with high levels of bad debt and ...
Regional rural banks (RRBs) are government owned scheduled commercial banks of India that operate at the regional level in different states of India. These banks are under the ownership of the Ministry of Finance , Government of India , Sponsored Bank and concerned State Government in the ratio of 50:35:15 respectively.