Scheduled banks in India are those banks which have been included in second schedule of Reserve Bank of India Act 1934. Scheduled banks in India are those banks which have been included in second schedule of Reserve Bank of India Act 1934. Scheduled banks carry the normal business of banking such as accepting deposits, giving out loans and other banking services.
Classification of Scheduled banks are :-
>> Scheduled Commercial Banks
>> Scheduled Co-operative Banks
Scheduled Commercial Banks are further classified as :-
>> Public Sector Banks: like SBI & Associates, Nationalized Banks, Other Public Sector Banks
>> Private Banks
>> Foreign Banks
>> Regional Rural Banks
Scheduled National Bank in India are Allahabad Bank, Syndicate Bank, Bank of Baroda, Bank of India, Punjab National Bank, Dena Bank, United Bank of India, Union Bank of India, Oriental Bank of Commerce etc
Scheduled Commercial Banks in India are Jammu and Kashmir Bank, ING Vysya Bank, Federal Bank, Lakshmi Vilas Bank, Karur Vysya Bank etc.