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Who makes rules and regulations for the scheduled commercial banks in India?

Who makes rules and regulations for the scheduled commercial banks in India? Correct Answer RBI

The correct answer is RBI.

  • RBI makes rules and regulations for the scheduled commercial banks in India.
  • In the Indian banking system, the scheduled commercial banks are those banks that are included in the second schedule of the RBI Act 1934.
  • The scheduled commercial banks carry out the normal business of banking such as accepting deposits, giving out loans and other banking services.
  • The difference between Scheduled Cooperative Banks and Scheduled Commercial Banks is their holding pattern since cooperatives are registered under the Cooperative Societies Act as cooperative credit institutions.

Related Questions

Which of the following statements are true in context of scheduled banks?
1. All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks.
2. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
3. Scheduled Commercial Banks in India are categorized into five different groups - SBI, Nationalised Banks, Regional Rural Banks, Foreign Banks and Other Indian Scheduled Commercial Banks in the private sector.
4. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.
Which of the following statements are true in context of Statutory Liquidity Ratio (SLR)?
1. They are regulated under Banking Regulation Act 1949.
2. It is mandatory for all scheduled commercial banks, local area banks, Primary (Urban) co-operative banks (UCBs), state co-operative banks and central co-operative banks in India to maintain the SLR.
3. Banks get a return on SLR.
How does shadow banking differ from commercial banking?
1. While commercial banks are tightly regulated, shadow banking is not well regulated.
2. Shadow banking cannot create money.
3. While liabilities of commercial banks are insured, shadow banking liabilities are not insured.
4. While commercial banks access to central bank liquidity in the times of distress, shadow banking does not have such resource.
Select the correct answer:
Defining green banking is relatively easy. It means promoting environment -friendly practices and reducing your carbon footprint from your banking activities. This comes in many forms : using online banking instead of branch banking; paying bills online, opening up CDs (certificates of deposit) and money market accounts at online banks instead of large multi-branch banks. A green bank takes the biggest steps to support local green initiatives. Any combination of the above personal banking practices can help the environment. In this respect, online banks and smaller community banks have better track records than larger banks .However, these larger banks may be induced to go green . According to the passage, larger, multi -branch banks .
Which of the following is incorrectly matched? 1. Article 330: Reservation of seats for Scheduled Castes and Scheduled Tribes in the House of the People. 2. Article 331: Reservation of seats for Scheduled Castes and Scheduled Tribes in the Legislative Assemblies of the States. 3. Article 334: Reservation of seats and special representation to cease after seventy years. 4. Article 335: Claims of Scheduled Castes and Scheduled Tribes to services and posts.
Consider the following statements (a) The First National Commission for Scheduled Castes and Scheduled Tribes was constituted in the year 1992. (b) First National Commission for Scheduled Castes and Scheduled Tribes was constituted under the 65th Constitutional Amendment Act. (c) C.H. Hanumanthappa was the chairman of the First National Commission for Scheduled Castes and Scheduled Tribes. Which of the statements given above are correct?
Under the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989, whoever, not being a member of a Scheduled Caste or a Scheduled Tribe, 'causes physical harm or mental agony of a member of a Scheduled Caste or a Scheduled Tribe on the allegation of practicing witchcraft or being a witch shall be punishable 
Reserve Bank of India controls the activities of which of the following banks in India?
1. Commercial banks
2. Cooperative banks
3. Foreign banks
4. Rural banks
Reserve Bank of India controls the activities of some of the following banks in India:
1. Commercial Banks
2. Cooperative Banks
3. Foreign Banks
4. Rural Banks
Statement : Exporters in the capital are alleging that commercial banks are violating a Reserve Bank of India directive to operate a post shipment export credit denominated in foreign currency at international rates from January this year.

Courses of Action :
I. The officers concerned in the commercial banks are to be suspended.
II. The RBI should be asked to stop giving such directives to commercial banks.