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Commercial Banks

The commercial banking structure in India consists of:

Scheduled Commercial Banks
Unscheduled Banks

Scheduled commercial Banks 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 (60 of the Act. Some co-operative banks are scheduled commercial banks albeit not all co-operative banks are. Being a part of the second schedule confers some benefits to the bank in terms of access to accomodation by RBI during the times of liquidity constraints. At the same time, however, this status also subjects the bank certain conditions and obligation towards the reserve regulations of RBI.

For the purpose of assessment of performance of banks, the Reserve Bank of India categorise them as public sector banks, old private sector banks, new private sector banks and foreign banks.

This sub sector can broadly be classified into:

1. Public sector
2. Private sector
3. Foreign banks

CLICK HERE FOR ...Complete directory of banks in India

Public sector banks have either the Government of India or Reserve Bank of India as the majority shareholder. This segment comprises of:

State Bank of India (SBI)and its Subsidiaries

Other Nationalized Banks

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