Different Types of Banks

Prepared by RND
Scheduled Banks
Second Schedule of RBI Act contains a list of bank which are
described as Scheduled banks.
Bank is described as a scheduled Bank if it has a paid up capital &
reserves of 5 lakhs.
Its business should not be detrimental to the interests of its
depositors.
It should maintain Cash Reserve Ratio with RBI.
They are entitled to receive refinance facilities from the RBI. They
get currency chest facilities. In case of emergencies they can obtain
finance from RBI.
Scheduled Banks have to submit returns to the RBI.
They are obliged to comply with the directions received from the
RBI.
Public Sector Scheduled Banks
State Bank of India, State Bank of Bikaner and Jaipur ,
State Bank of Hyderabad , State Bank of Indore,
State Bank of Mysore , State Bank of Saurashtra
State Bank of Travancore , Andhra Bank , Allahabad Bank
Bank of Baroda , Bank of India ,Bank of Maharashtra
Canara Bank , Central Bank of India ,Corporation Bank
Dena Bank , Indian Overseas Bank , Indian Bank
Oriental Bank of Commerce , Punjab National Bank
Punjab and Sind Bank , Syndicate Bank
Union Bank of India, United Bank of India
UCO Bank , Vijaya Bank
Private Sector Scheduled Banks
ING Vysya Bank Ltd , Axis Bank Ltd,
Indusind Bank Ltd ,ICICI Bank Ltd
South Indian Bank, HDFC Bank Ltd
Centurion Bank Ltd , Bank of Punjab Ltd
IDBI Bank Ltd
Scheduled Foreign Banks
American Express Bank Ltd.
ANZ Gridlays Bank

Nonscheduled Banks
Banks which are not included in the second
schedule of RBI Act 1934 are called Non
scheduled Banks .
They are mainly engaged in money lending,
discounting and collecting bills and various
other agency services.
Reserve Bank of India
RBI was established on April 1, 1935, in accordance with the provisions of
the Reserve Bank of India Act, 1934.
RBI was nationalized on 1
st
Jan 1949. As per the Banking Regulation Act
1949 RBI got additional powers of supervision, control, direction and
inspection of scheduled and non-scheduled banks .
Under Act of 1963, RBI was granted regulatory powers over non-banking
institutions which accepts deposits .
Act 1965 vested further powers to RBI in matter of supervision, control
and inspection of co-operative banks.
Act of 1974 further enhanced banks powers in matter of granting finance
& refinance .
Role & functions of RBI
Note issuing Authority
Government Banker
Bankers Bank
Exchange Management & Control
Supervising Authority
Credit Controls
Development & Promotion
Export Finance