Scheduled banks and Non-scheduled banks both need to maintain the Cash Reserve Ratio but Scheduled banks have to deposit this amount in the RBI while Non-scheduled banks can deposit this amount with themselves.
List of Non-Scheduled State Co-operative Banks
1. Andaman and Nicobar State Co-operative Bank Ltd.
2. Arunachal State Co-operative Apex Bank Ltd.
3. Assam Co-operative Apex Bank Ltd.
4. Chandigarh State Co-operative Bank Ltd.
5. Delhi State Cooperative Bank Ltd.
6. Jammu and Kashmir State Co-operative Bank Ltd.
7. Jharkhand State Cooperative Bank Ltd.
8. Manipur State Co-operative Bank Ltd.
9. Meghalaya Co-operative Apex Bank Ltd.
10. Mizoram Co-operative Apex Bank Ltd.
11. Nagaland State Co-operative Bank Ltd.
12. Sikkim State Co-operative Bank Ltd.
13. Tripura State Co-operative Bank Ltd
List of Non-Scheduled Urban Co-operative Banks
Non-Scheduled Urban Cooperative Banks
Scheduled Commercial Banks in India are categorized into five different groups:
Public Sector Banks :
Public Sector Banks (PSBs) are banks where a majority stake (i.e. more than 50%) is held by a government. The shares of these banks are listed on stock exchanges. There are a total of 27 PSBs in India [22 Nationalised banks + 1 State bank group. In 2011 IDBI bank and in 2014 Bharatiya Mahila Bank were nationalized with a minimum capital of Rs 500 cr. For Ex – Bank of Baroda, Punjab National Bank, Bank of India, etc.
Private Banks :
The private-sector banks in India represent part of the indian banking sector that is made up of both private and public sector banks. The “private-sector banks” are banks where greater parts of stake or equity are held by the private shareholders and not by government. For ex – ICICI Bank, HDFC Bank, Axis Bank, etc.
Comparison between Private and Public Sector Banks:
Private sector banks introduced the concept of online banking in India. This was mostly because the private banks were technologically well equipped. Private sector banks were using state of the art technology and fully computerized systems since the time they entered the Indian market whereas the Public sector banks were not. However despite the technological challenges the public sector banks in India are still the preferred destinations for many as they are considered as safer options for money deposit.
Regional Rural Banks:
Regional Rural Banks are local level banking organizations operating in different States of India. They have been created with a view to serve primarily the rural areas of India with basic banking and financial services. However, RRB’s may have branches set up for urban operations and their area of operation may include urban areas too. The Government of India, the concerned State Government and the bank, which had sponsored the RRB contributed to the share capital of RRBs in the proportion of 50%, 15% and 35%, respectively.