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Scheduled Commercial Banks

Scheduled Commercial Banks

Scheduled banks are those which are included in the second scheduled of Banking Regulation Act 1965 and others are non scheduled banks. To be included in the second scheduled of the Banking regulation act the bank full fill the following conditions:

finance
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• Must have paid up capital and reserves of not less than Rs. five lakh.

• It must also satisfy the RBI that its affairs are conducted in a manner.

• It is required to maintain a certain amount of reserves with the RBI.

Scheduled Commercial Banks Scheduled Commercial Banks Reviewed by Blog Editor on Tuesday, November 14, 2017 Rating: 5

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