Scheduled commercial banks list

ADVERTISEMENTS: Liabilities and Assets of Scheduled Commercial Banks (Main Items)! Banks as financial intermediaries deal mainly in financial assets. This fact shows up well in their balance sheets—in statements of their liabilities and assets at a point of time. A consolidated statement of the liabilities and assets of all (202) reporting scheduled commercial banks for the year-end 1987 is given in Table 5.1. These are the latest available data. They are inclusive of inter-bank credits and debits as well as of foreign business of Indian Banks. Table 5.1 ADVERTISEMENTS: Liabilities and Assets of Scheduled Commercial Banks (Main Items) at end of March 1995 (Rs crores) The table shows (a) that banks raise the bulk of their funds by selling deposits—their dominant liability, and (b) that they hold their assets largely in the form of (i) loans and advances and bills discounted and purchased, together constituting bank credit, (ii) investment, and (iii) cash. A brief explanation of the main items of liabilities and assets is offered below: Liabilities of Banks: 1. Capital and Reserves: Together they constitute owned funds of banks. Capital represents paid-up capital, i.e., the amount of share capital actually contributed by owners (shareholders) banks. Reserves are retained earnings or undistributed profits of banks accumulated over their working lives. The law requires that such reserves are built up and that not all the earned profits are distributed among the shareholders. A...

Banks play an essential role in a country’s financial ecosystem. These financial institutions assist a country’s economy to flourish and allow retail customers and companies to securely store money and get credit among other services. The modern Indian banking system is divided into scheduled banks and non-scheduled banks. Read on to know more about the types of scheduled banks, their examples, and how they operate in India. What is a Scheduled Bank? The RBI grants a scheduled bank status to a financial institution only if it meets certain criteria in the RBI Act of 1934 and the Banking Regulation Act of 1949. Scheduled banks are those listed in Schedule II of the Reserve Bank of India Act of 1934 and constitute the majority of banks operating under the central bank.As per the rules, the bank’s paid-up capital and raised funds must be at least Rs. 5 lakh. Scheduled banks are also members of clearing houses. They are responsible for maintaining an average daily cash reserve ratio with the central bank. The RBI permits scheduled banks to issue loans at bank rates. The RBI has also laid specific management standards in RBI directions for 2015. Some of these standards include the selection of the CEO and other senior management personnel, the preservation of capital adequacy, asset quality, and profitability. Functions of a Scheduled Bank The primary functions of scheduled banks are mentioned below. • Scheduled banks accept deposits from the general public • These banks make a...

Scheduled Commercial Banks in India are those banks which are included in the second schedule to Reserve Bank of India Acts 1934. Scheduled Commercial Banks in India are categorised in five different groups according to their ownership and/or nature of operation. These bank groups are: (i) State Bank of India (ii) Nationalised Banks, (iii) Regional Rural Banks, (iv) Foreign Banks and (v) Other Indian Scheduled Commercial Banks (in the private sector and a few of the co-operative sector banks). It is mandatory on the part of scheduled commercial banks to maintain Cash Reserve Ratio and Statutory Liquidity Ratio and submission of various prescribed returns to RBI from time to time. The scheduled banks are also come under the regulatory restrictions on bank lending, fair practices codes, and compulsory minimum proportion of their lending as credit to priority sector and sub-sector thereof. The scheduled Commercial Bank are eligible for certain facilities from Reserve Bank such as obtaining accommodation in the form of loan in case of Liquidity problem faced by them, grant of authorized dealer’s license to handle foreign exchange dealings, etc. In terms of section 42(6) (a) of RBI acts 1934, the following conditions are to be fulfilled by a bank to be included in second schedule. • It must have a paid up capital and reserves of an aggregate value of not less than Rs.5 lakh; • It must satisfy the RBI that its affairs are not being conducted in a manner detrimental to the intere...

List of Scheduled Commercial Banks of India 2021: Scheduled banks are banks that are listed in the 2nd schedule of the Reserve Bank of India (RBI) Act, 1934. In this article, we are going to discuss the definitions of the bank, commercial banks, scheduled banks, scheduled commercial banks of India. What is Bank? • Bank can be defined as a financial institution that receives deposits and grant loans. • The most common types of banks are: • Retail Banks • Corporate Banks • Investment Banks • Banks also deal with other financial services such as wealth management, currency exchange, and providing lockers, etc. What are Commercial Banks? • Commercial bank is a financial institution that performs the functions of accepting deposits from the general public and giving loans for investment with the aim of earning profit. • Commercial bank offers other financial services like ATM, Demand Draft, Certificate of Deposits, etc as well. • In India, commercial Banks are those scheduled and non-scheduled commercial banks that are regulated under Banking Regulation Act, 1949. Scheduled Banks • All those banks which are included in the second schedule of the Reserve Bank of India Act, 1934 are known as Scheduled Banks. • There are two categories of the Scheduled Banks, i.e., • Scheduled Commercial Banks • Scheduled Co-operative Banks. 1. Scheduled Commercial Banks: • Scheduled Commercial Banks in India can be classified into five categories according to their ownership and/or nature of t...

The Reserve Bank of India’s sudden direction last week capping withdrawals from Punjab and Maharashtra Co-operative (PMC) Bank has dealt a severe shock to many folks. Apart from retail depositors who had parked their life savings with the bank, small businesses complained of their business grinding to a halt with RBI directing the bank to stop all lending, investment and business operations for six months. Later reports digging into what went wrong at PMC Bank, one of the top five urban co-operative banks in the country, paint quite a scary picture of depositors’ money being put to risk by concentrated lending and undisclosed bad loans, which went undetected by regulators. What is it? Co-operative banks, which are distinct from commercial banks, were born out of the concept of co-operative credit societies where members from a community band together to extend loans to each other, at favourable terms. Credit co-operatives (or co-operative banks) are broadly classified into urban or rural co-operative banks based on their region of operation. Urban co-op banks are classified into scheduled and non-scheduled banks. There are three key points of difference between scheduled commercial banks and co-operative banks. One, unlike commercial banks, UCBs are only partly regulated by the RBI. While their banking operations are regulated by the RBI, which lays down their capital adequacy, risk control and lending norms, their management and resolution in the case of distress is regul...

Example: quiz answers Search List of Scheduled Commercial Banks (SCBs) List of ... List of Scheduled Commercial Banks (SCBs). List of Scheduled Public Sector Banks Name of the Bank 1. Bank of Baroda 2. Bank of India 3. Bank of Maharashtra 4. Canara Bank 5. Central Bank of India 6. Indian Bank 7. Indian Overseas Bank 8. Punjab & Sind Bank 9. Punjab National Bank 10. State Bank of India 11. UCO Bank 12. Union Bank of India List of Scheduled Private Sector Banks Name of the Bank 1. Axis Bank Ltd. 2. Bandhan Bank Ltd. 3. CSB Bank Ltd. 4. City Union Bank Ltd. 5. DCB Bank Ltd. 6. Dhanlaxmi Bank Ltd. 7. Federal Bank Ltd. 8. HDFC Bank Ltd 9. ICICI Bank Ltd. 10. Induslnd Bank Ltd 11. IDFC First Bank Ltd. 12. Jammu & Kashmir Bank Ltd. 13. Karnataka Bank Ltd. 14. Karur Vysya Bank Ltd. 15. Kotak Mahindra Bank Ltd 16. Lakshmi Vilas Bank Ltd. 17. Nainital Bank Ltd. 18. RBL Bank Ltd. 19. South Indian Bank Ltd. 20. Tamilnad Mercantile Bank Ltd. 21. YES Bank Ltd. 22. IDBI Bank Ltd. List of Scheduled Small Finance Banks Name of the Bank 1. Madhya Pradesh Gramin Bank 21. Madhyanchal Gramin Bank 22. Maharashtra Gramin Bank 23. Manipur Rural Bank 24. Meghalaya Rural Bank 25. Mizoram Rural Bank . 26. Nagaland Rural Bank 27. Odisha Gramya Bank 28. Paschim Banga Gramin Bank 29. Prathama UP Gramin Bank 30. Puduvai Bharathiar Grama Bank 31. Punjab Gramin Bank ... 1 List of Scheduled Commercial Banks (SCBs). List of Scheduled Public Sector Banks Name of the Bank 1. Bank of Baroda 2. Bank of India 3....