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Basic Doubt
What is the difference between scheduled Banks and Nationalised Banks?
Replies (1)
Scheduled banks are those banks which are included in the 2nd schedule of RBI act 1934. All nationalised banks are scheduled banks. Scheduled banks are classified in 2 categories - state co-operative banks and commercial banks. nationalised banks come under commercial category. central co-operative banks and primary credit societies are example of non scheduled banks.
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