BANKING AFFAIRS

Detailed explanation-1: -All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.

Detailed explanation-2: -Second schedules of RBI Act, 1934 Under this schedule, the banks should raise at least Rs 5 lakhs and capital. The banks added in the second schedule are known as scheduled banks, and these banks include scheduled cooperative banks and scheduled commercial banks.

Detailed explanation-3: -Bank of Ceylon Bank of Nova Scotia Bank of Tokyo – Mitsubishi Ltd. Barclays Bank Plc. BNP Paribas China Trust Commercial Bank Shinhan Bank Citi Bank N.A. Calyon Bank Deutsche Bank DBS Bank Ltd. The Hongkong and Shanghai Banking Corporation Ltd.