The bank which is included in the second schedule of RBI, Act, 1934 is called Scheduled Bank.
The bank included in this list should fulfill two conditions
- The paid up capital and collected funds of bank should not be less than Rs 5 lakh.
- Any activity of the bank will not adversely affect the interest of depositors.
Question
Which of the following is not a scheduled commercial bank?
A. HDFC
B. NABARD
C. IDBI
D. SBI
E. None of these
Answer: A
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