Banking Term: Scheduled Banks
Find important banking term that is useful in upcoming banking exam.
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.
Which of the following is not a scheduled commercial bank?
E. None of these