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About: Scheduled Banks (India)     Goto   Sponge   NotDistinct   Permalink

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Scheduled Banks in India refer to those banks which have been included in the Second Schedule of Reserve Bank of India Act, 1934. Reserve Bank of India (RBI) in turn includes only those banks in this Schedule which satisfy the criteria laid down vide section 42(6)(a) of the said Act.Banks not under this Schedule are called Non-Scheduled Banks