Question

Non schedule banks come under banking regulation at 1949???​

Answer 1

Answer:

According to the RBI," Commercial Banks refer to both scheduled commercial banks which are regulated under Banking Regulation Act, 1949".

Commercial banks operate on a 'for-profit' basis.

Explanation:

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Answer 2

Answer:

Banks which have been included in the second scheduled of the RBI Act, ... RBI which is decided by the RBI itself and presents the recurring statements under the provision of RBI Act, 1934 and Banking Regulation Act, 1949

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