TARGET IBPS PO PRELIMS 2019 – Banking Awareness Day 3

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IBPS PO Prelims 2019 – Study Planner Day 3 – Banking Awareness

  • Section : Banking Awareness
  • Topic : Banking Awareness
  • Time: 20 Minutes
  • Questions : 30 Questions
  • Level : Easy – Moderate



Scheduled Banks in India refer to those banks which have been included in the Second Schedule of Reserve Bank of India Act, 1934. RBI in turn includes only those banks in this Schedule which satisfy the criteria laid down vide section 42(6) (a) of the said Act. Banks not under this Schedule are called Non-Scheduled Banks.

Every Scheduled bank enjoys two types of principal facilities: it becomes eligible for debts/loans at the bank rate from the RBI; and, it automatically acquires the membership of clearing house.


The Scheduled banks comprise Scheduled Commercial Banks and Scheduled Co-operative banks. The further classification is as follows:

  • Scheduled Commercial banks
  • Public Sector Banks

Ø State Bank of India and its associates, and

Ø Other Nationalized banks

  • Private Sector Indian Banks
  • Private-sector Foreign banks
  • Regional Rural Bank (RRBs)
  • Scheduled Co-operative banks

Ø Scheduled State Co-operative Banks

Ø Scheduled Urban Co-operative Banks

Scheduled Commercial Bank:

The scheduled commercial banks are those banks which are included in the second schedule of RBI Act 1934 and which carry out the normal business of banking such as accepting deposits, giving out loans and other banking services. The major difference between Scheduled Commercial Banks and Scheduled Cooperative Banks is their holding pattern, since cooperatives are registered under the Cooperative Societies Act as cooperative credit institutions.

Previously, there are 27 Public Sector Banks in India including SBI (plus its 5 associates) and 19 nationalized banks. Further, there are two banks which have been categorized by RBI as “Other Public-Sector Banks”. IDBI and Bhartiya Mahila Bank come under this category.

But now, there are 20 Public Sector Banks in India, SBI has merged its Associates Bank & Bhartiya Mahila Bank and 19 Nationalized Banks. And IDBI Bank has been categorized by RBI as “Private Sector Bank” (From April, 2019).

Public Sectors Banks in India Bank Name Headquarters Tagline
1. Allahabad Bank Kolkata, West Bengal A tradition of trust
2. Andhra Bank Hyderabad, Telangana Where Indian Banks
3. Bank of Baroda Vadodara, Gujarat India’s International Bank
4. Bank of India Mumbai, Maharashtra Relationships beyond banking
5. Bank of Maharashtra Pune, Maharashtra One Family One Bank
6. Canara Bank Bangalore, Karnataka Together We Can
7. Central Bank of India Mumbai, Maharashtra “CENTRAL” TO YOU SINCE 2011
8. Corporation Bank Mangalore, Karnataka A Premier Public-Sector Bank
9. Dena Bank Mumbai, Maharashtra Trusted Family Bank
10. Indian Bank Chennai, Tamil Nadu Taking Banking Technology to Common Man
11. Indian Overseas Bank Chennai, Tamil Nadu Good people to grow with
12. Oriental Bank of Commerce Gurugram, Haryana Where Every Individual is committed
13. Punjab National Bank New Delhi, India The Name you can BANK upon
14. Punjab and Sind Bank New Delhi, India Where service is a way of life
15. State Bank of India Mumbai, Maharashtra The Banker to every Indian
16. Syndicate Bank Manipal, Karnataka Faithful and Friendly Financial Partner
17. UCO Bank Kolkata, West Bengal Honours Your Trust
18. Union Bank of India Mumbai, Maharashtra Good people to bank with
19. United Bank of India Kolkata, West Bengal The Bank that begins with “U”
20. Vijaya Bank Bangalore, Karnataka A Friend you can bank upon

Private Sectors Banks in India

Sl. no Bank Name Headquarters Tagline
1. Axis Bank Ltd. Mumbai, Maharashtra Badhti Ka Naam Zindagi
2. Bandhan Bank Limited Kolkata, West Bengal Aapka Bhala, Sabki Bhalai
3. Catholic Syrian Bank Ltd. Thrissur, Kerala Support all the way
4. City Union Bank Ltd. ‎Tanjavur, Tamil Nadu Trust and Excellence since 1904
5. Coastal Local Area Bank Ltd

(First Local Area Bank approved by the Reserve Bank of India in 1999)

Vijayawada, Andhra Pradesh
6. Development Credit Bank Ltd. (DCB Bank) Mumbai, Maharashtra We Value You
7. Dhanlaxmi Bank Ltd. Thrissur, Kerala Tann. Mann. Dhan
8. The Federal Bank Ltd. Kochi, Kerala Your Perfect Banking Partner
9. HDFC Bank Ltd. Mumbai, Maharashtra We understand your world
10. ICICI Bank Ltd. Mumbai, Maharashtra Khayaal Apka
11. IDBI Bank Limited Mumbai, Maharashtra Aao Sochein Bada / Banking for all
12. IDFC First Bank Mumbai, Maharashtra Banking Hatke
13. IndusInd Bank Ltd. Mumbai, Maharashtra We make you feel richer
14. Jammu and Kashmir Bank Ltd. Srinagar Serving to Empower
15. Karnataka Bank Ltd. Mangalore, Karnataka Your family bank across India
16. Karur Vysya Bank Ltd. Karur, Tamil Nadu Smart way to bank
17. Kotak Mahindra Bank Ltd. Mumbai, Maharashtra Let’s make money simple
18. Lakshmi Vilas Bank Ltd. Chennai, Tamil Nadu The Changing Face of Prosperity
19. Nainital Bank Ltd. Nainital, Uttarakhand Banking with Personal Touch
20. RBL Bank Ltd Mumbai, Maharashtra Apno Ka Bank
21. South Indian Bank Ltd. Thrissur, Kerala Experience next generation banking
22. Tamil Nadu Mercantile Bank Ltd. Tuticorin, Tamil Nadu Be a step ahead of life
23. Yes Bank Ltd. Mumbai, Maharashtra Experience Our Expertise

Difference Between Scheduled Commercial Bank and Non-Scheduled Commercial Bank

Definition Scheduled banks are a banking corporation whose minimum paid up capital is Rs. 25 lakhs and does not harm the interest of the depositors. Non-scheduled banks are the banks which do not comply with the rules specified by the Reserve Bank of India or say the banks which do not come under the category of scheduled banks.
Second Schedule Listed in the second schedule. Not-listed in the second schedule.
Cash Reserve Ratio Maintained with RBI. Maintained with themselves.
Borrowing Scheduled banks are allowed to borrow money from RBI for regular banking purposes. Non-Scheduled banks are not allowed to borrow money from RBI for regular banking purposes.
Returns To be submitted periodically. No such provision of submitting periodic returns.
Members of clearing house It can become a member of clearing house. It cannot become member of clearing house.

Regional Rural Banks (RRBs)

The First Established Regional Rural Bank among all RRBs in India was the Prathama Bank, which was established in 1975. With The authorized capital of Rs. 5 crore. Under the Recommendations of Narshimham Committee RRBs was formed. Initially the authorized capital for RRBs in India was Rs. 100 crore ($10 Million) which later augmented to 500 crore ($50 million).

Regional Rural Banks (RRBs) are scheduled commercial banks (Government banks) operating at regional level 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, RRBs may have branches set up for urban operations and their area of operation may include urban areas too.

The area of operation of RRBs is limited to the area as notified by Government of India covering one or more districts in the State. RRBs also perform a variety of different functions.

The Regional Rural Banks were owned by the Central Government, the State Government and the Sponsor Bank (Any commercial bank can sponsor the regional rural banks) who held shares in the ratios as follows Central Government – 50%, State Government – 15% and Sponsor Banks – 35%.

Indian had 56 Regional Rural Banks in which Uttar Pradesh has highest number of RRBs.

RRBs perform various functions:

Ø Providing banking facilities to rural and semi-urban areas.

Ø Carrying out government operations like disbursement of wages of MGNREGA workers, distribution of pensions etc.

Ø Providing Para-Banking facilities like locker facilities, debit and credit cards.

Ø Small financial banks.

Scheduled Co-operative Banks:

It is a retail and commercial banking organized on a cooperative basis.

Ø Primary Cooperative Credit Society – Association of borrowers and non-borrowers. Funds of society are derived from members.

Ø District Central Cooperative Bank – Functions at District level only.

Ø State Cooperative Bank – Apex Body is the State Govt.

Ø Land Development Bank – Long term loans to farmers. No deposits from public.

Ø Urban Cooperative Bank –Banking Activities at State level.

Aspirants can download the Banking Awareness – TARGET IBPS PO Planner 2019 – Bankersdaily from the link that is provided below. 

Download – Banking Awareness – Day 3 – PDF 

Aspirants who are following this fresh can check the Detailed Study Planner for the IBPS PO Prelims Exam 2019 from the link that is mentioned below. 

TARGET IBPS PO Prelims 2019 – Study Planner