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Which Schedule in the Reserve bank of India Act, 1934 governs the Scheduled Banks?

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Which Schedule in the Reserve bank of India Act, 1934 governs the Scheduled Banks?


1). First
2). Second
3). Third
4). Fourth


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Answered by on | Votes 1 |
  • Scheduled Banks in India constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934.
  • Scheduled banks include all the commercial banks like:
    • Nationalised
    • Foreign
    • Development
    • Co-operative and
    • Regional rural banks.

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