3 Indian & AP Economy and Planning · 3.4.2 Banking and financial inclusion

3.4.2.1 Structure of Indian banking: scheduled, cooperative, regional rural and differentiated banks

Indian banking has commercial banks (public, private, foreign), cooperative banks, regional rural banks and newer differentiated banks (payments and small finance banks), all under RBI.

  • APPSC Group 1
  • Advanced level
  • 6 min read
  • Full course

Key terms

  • scheduled banks
  • Second Schedule
  • cooperative banks
  • PACS
  • RRB
  • payments bank
  • small finance bank
  • Banking Regulation Act
  • Nachiket Mor

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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