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BANKS IN INDIA

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The structure divides the banks into two categories: scheduled banks and non-scheduled banks. However, the Reserve Bank of India is at the center of the banking structure.

Scheduled Banks in India

The eligibility criteria exist for scheduled banks:

a)   The first of which entails carrying on the business of banking in India.

b)   All scheduled banks must maintain a reserve capital of 5 lakhs rupees in the Reserve Bank of India.

c)   These are registered under the second schedule of RBI Act, 1934.
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