TYPES OF BANKS

I satisfied the norms and included in the II schedule of the the RBI at 1934

I hold not less than 51% share capital

I am formed by the governments of a group of countries

I am a private sector bank established in rural and semi urban areas of two or three adjoining distriets only

I am set up an unbanked and underbanked regions of the country

I am created for special purposes of the government

I have to obey both my home country banking regulations and RBI regulations

I accept deposit from the public and grant loans to traders

I do not accept deposits from the public

I have share capital in the ratio 50:15:35 contributed by Central government‚ state government and a sponsor Bank