BANKING AWARENESS-SCHEDULED BANKS IN INDIA
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Scheduled Banks – Scheduled Banks in India:
Scheduled Banks in India are those banks which have been included in the Second Schedule of Reserve Bank of India (RBI) Act, 1934. Reserve Bank of India in turn includes only those banks in this schedule which satisfy the criteria mentioned on section 42 (6) (a) of the Reserve Bank of India Act 1934.
Criteria for a Scheduled Banks:
1.Scheduled Banks are those banks whose minimum paid up capital and reserve and amount to 25 lakh.
2.These bank have to submit details of their activities to the Reserve Bank of India every week.
3.These banks are listed on the second schedule of the Reserve Bank of India Act 1934.
There are three types of scheduled banks india ..these are listed below
1.Public sector scheduled banks in india
2.Private sector scheduled banks in india
3.Foreign scheduled banks in india
Public Sector Scheduled Banks in India:
The Public Sector Scheduled Banks in India consist of 19 Nationalised Banks, State Bank of India and It’s five (5) associates and IDBI. There are total 26 Public Sector Scheduled Banks in India.1. Allahabad Bank 2. Andhra Bank 3. Bank of Baroda 4. Bank of India 5. Bank of Maharashtra 6. Canara Bank 7. Central Bank of India 8. Corporation Bank 9. Dena Bank 10. Indian Bank 11. Indian Overseas Bank 12. Oriental Bank of Commerce 13. Punjab and Sindh Bank 14. Punjab National Bank 15. Syndicate Bank 16. UCO Bank 17. Union Bank of India 18. Uni ted Bank of India 19. Vijaya Bank 20. IDBI Bank 21. State Bank of India 22. State Bank of Bikaner & Jaipur 23. State Bank of Hyderabad 24. State Bank of Mysore 25. State Bank of Patiala 26. State Bank of Travancore Private Sector Scheduled Banks in India: The Private Sector Scheduled Banks in India are the Privately own banks which are listed under the second schedule of RBI Act 1934. Here is the l ist of Private Sector Scheduled Banks in India. 1. Axis Bank Ltd 2. Bank of Punjab Ltd 3. Bank of Rajasthan 4. Catholic Syrian Bank 5. Centurion Bank Ltd 6. City Union Bank 7. Development Credit Bank 8. Dhanlaxmi Bank 9. Federal Bank Ltd 10. HDFC Bank Ltd 11. ICICI Banking Corporation Bank Ltd 12. IndusInd Bank 13. ING Vysya Bank 14. Jammu & Kashmir Bank 15. Nainital Bank, estb. 1954 16. Karnataka Bank 17. Karur Vysya Bank 18. Kotak Mahindra Bank 19. Lakshmi Vi las Bank 20. Saraswat Bank 21. South Indian Bank Ltd 22. Tamilnad Mercantile Bank Limited 23. Yes Bank Scheduled Foreign Banks in India:
The Foreign banks came in India only after the liberalisation in Indian banking sector in 1991. There are around 45 Scheduled Foreign Banks doing business in India. Foreign Banks have their registered and head office in a foreign country but operate their branches in India. The RBI permits these banks to operate either through branches or through wholly-owned subsidiaries.
*American Express Bank Ltd. *ANZ Gridlays Bank Plc. *Bank of America NT & SA *Bank of Tokyo Ltd. *Banquc Nationale de Paris *Barclays Bank Plc *Citi Bank N.C. *Deutsche Bank A.G. *Hongkong and Shanghai Banking Corporation *Royal Bank of Scotland *The Chase Manhattan Bank Ltd. *Dresdner Bank AG. *Standard charted bank. |
