Friday, November 17, 2017

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The Indian Banking System

The Indian Banking System:

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[Post Image Courtesy of Suphakit73 at FreeDigitalPhotos.net]

The Indian banking system has the Reserve Bank of India as the apex banking institution in the country.

The reserve bank of india then controls the schduled banks and the non-scheduled banks.

The scheduled banks consists of the state cooperative banks and the commercial banks while the non-scheduled banks is made up of the central cooperative banks and the other commercial banks as well.

Under the scheduled banks commercial banks, we have the Indian banks and the Foreign banks.

The Public sector banks and the Private sector banks are components of the Indian Banks.

Under the public sector banks in India, we have the State Banki Of India (SBI) and it subsidiaries, other nationalised Banks and the RRB.

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