Question
Download Solution PDFWho makes rules and regulations for the scheduled commercial banks in India?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is RBI.
- RBI makes rules and regulations for the scheduled commercial banks in India.
- In the Indian banking system, the scheduled commercial banks are those banks that are included in the second schedule of the RBI Act 1934.
- The scheduled commercial banks carry out the normal business of banking such as accepting deposits, giving out loans and other banking services.
- The difference between Scheduled Cooperative Banks and Scheduled Commercial Banks is their holding pattern since cooperatives are registered under the Cooperative Societies Act as cooperative credit institutions.
Last updated on Jun 17, 2025
-> The IBPS Customer Service Associate (Clerk) Prelims 2025 will be held on 4th, 5th, 11th October 2025.
-> The Mains 2025 exam will take place on 29th November 2025.
-> The IBPS Clerk designation name has been changed to “Customer Service Associate” (CSA). This change in designation is effective from 01.04.2024.
-> The IBPS Clerk Notification 2025 is likely to be released in July, 2025.
-> Candidates with a graduate degree are eligible for this post.
->The selection process includes prelims and mains examinations.
-> Candidates must refer to the IBPS Clerk Previous Year Papers and IBPS Clerk Mock Test to prepare well.
-> Candidates can also Attempt Free Current Affairs Banking Mock Test