BANKING AFFAIRS

Detailed explanation-1: -These include 4 groups: Public sector banks, Private sector banks, Private sector foreign Banks and Regional Rural Banks. Cooperative banks falls under scheduled bank if mentioned in second schedule, but, does not fulfill the criteria of a commercial banks.

Detailed explanation-2: -Scheduled banks is a banking corporation whose minimum paid up capital is Rs. 5 lakhs and does not harm the interest of the depositors. Non-scheduled banks are the banks which do not comply with the rules specified by the Reserve Bank of India, or say the banks which do not come under the category of scheduled banks.

Detailed explanation-3: -Hence, Issuing of Notes is not the function of a Commercial Bank.