Question

What are the different types of banks in India?

Answer 1

Answer:

PNB bank,canara bank , pSP bank etc

Answer 2

Answer:

There are two main categories in which banks are classified

• Scheduled Bank and
• Non Scheduled Banks.

Explanation:

The different kind of banks in India which are classified as follows:

• Scheduled bank: these banks lend loans from the RBI and need a minimum of 5 lakh pay up capital for qualifying for it.

This bank includes (a) Commercial Banks & (b) Cooperative Banks.

• None Scheduled bank: The banks which are not abiding by the Banking Regulation Act 1965 is known as non-Scheduled Bank.

These banks are known as Akhand Anand Co – operative, Alavi Co-Operative Bank Limited, etc.