Question

Role of commercial banking in industrialization in india

Answer 1

Scheduled banks: - Banks which have been

included in the Second Schedule of RBI Act

1934. They are categorized as follows:

2. Public Sector Banks: - are those banks in

which majority of stake are held by the

government. Eg. SBI, PNB, Syndicate Bank,

Union Bank of India etc.

3. Private Sector Banks: - are those banks in

which majority of stake are held by private

individuals. Eg. ICICI Bank, IDBI Bank,

HDFC Bank, AXIS Bank etc.

4. Foreign Banks: - are the banks with Head

office outside the country in which they are

located. Eg. Citi Bank, Standard Chartered

Bank, Bank of Tokyo Ltd. etc.

5. None scheduled commercial banks: -

Banks which are not included in the Second

Schedule of RBI Act 1934.