Foreign Banks in India

Scheduled Commercial Banks in India

March 11, 2015

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...

How RBI regulates Foreign Banks ?

April 28, 2011

On February 28, 2005, RBI had released a road map for the presence of foreign banks in India. This was the first ever documented policy on foreign banks in India. This road map suggested two phases. During the first phase between March 2005 to March 2009; the...

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