Scheduled Banks
1. They are included in the second schedule of RBI Act,1934
2. Their paid up capital and Reserve fund exceeds Rs 5 lakhs
3. They get benefits from RBI
Co-operative Banks
Co-operative banks are small-sized units organized in the co-operative sector which operate both in urban and non-urban centers. These banks are traditionally centered around communities, localities and work place groups and they essentially lend to small borrowers and businesses.
State Bank Of India
State Bank of India is the largest Indian banking and financial services company (by turnover and total assets) with its headquarters in Mumbai, India. It is state-owned. The government of India nationalized the Imperial Bank of India in 1955, with the Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India.
Financers
Financer is a person who handles typically large sums of money, usually involving money lending, financing projects, large-scale investing, or large-scale money management. This also includes financial institutes.
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