The commercial banking structure in India
consists of:
- Scheduled Commercial Banks in India
- Unscheduled Banks in India
Scheduled Banks in India constitute those banks which have been
included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934.
RBI in turn includes only those banks in this schedule which satisfy the
criteria laid down vide section 42 (6) (a) of the Act.
As on 30th June, 1999, there were 300 scheduled banks in India having a
total network of 64,918 branches.The scheduled commercial banks in India
comprise of State bank of India and its associates (8), nationalised
banks (19), foreign banks (45), private sector banks (32), co-operative
banks and regional rural banks.
"Scheduled banks in India" means the State Bank of India
constituted under the State Bank of India Act, 1955 (23 of 1955), a
subsidiary bank as defined in the State Bank of India (Subsidiary Banks)
Act, 1959 (38 of 1959), a corresponding new bank constituted under
section 3 of the Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970 (5 of 1970), or under section 3 of the Banking
Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of
1980), or any other bank being a bank included in the Second Schedule to
the Reserve Bank of India Act, 1934 (2 of 1934), but does not include a
co-operative bank".
"Non-scheduled bank in India" means a banking company as
defined in clause (c) of section 5 of the Banking Regulation Act, 1949
(10 of 1949), which is not a scheduled bank".
The following are the Scheduled Banks in India (Public
Sector):
The following are the Scheduled Banks in India (Private
Sector):
The following are the Scheduled Foreign Banks in India:
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