in india banks are classified into how many different types
Banking in India The Indian banking sector is broadly classified into scheduled banks and non-scheduled banks.All banks included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Cooperative Banks.Scheduled Commercial Banks in India are categorised into five different groups according to their ownership and/or nature of operation: