BANKING AFFAIRS

Detailed explanation-1: -There are currently 27 public sector banks in India out of which 20 are nationalized banks and 6 are SBI and its associate banks, and last is Bharatiya Mahila Bank, which is categorised as other public sector bank. There are total 93 commercial banks in India.

Detailed explanation-2: -As of 2022, there are 12 small finance banks in India as follows: No.

Detailed explanation-3: -In fiscal year 2020, there were over 154 thousand offices for scheduled commercial banks across India. Out of this, a majority were in the southern region of the country with over 43 thousand offices.

Detailed explanation-4: -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. 2.

Detailed explanation-5: -Types of banks Scheduled Co-operative banks are further divided into 2 types namely: Scheduled State Co-operative banks. Scheduled Urban Co-operative banks.