Scheduled banks are Indian banks that comply with the classifications defined in the Second Schedule of the 1934 act. Criteria include paid-up capital, reserves, total value and certification by the RBI ensuring their fiduciary responsibilities to depositors. They include several nationalized banks, the...
Second, that in enacting the Act the Parliament encroached upon the State List in the Seventh Schedule of the Constitution, and to that extent the Act is outside the legislative competence of the Parliament. Third, that by enactment of the Act, fundamental rights of the petitioner guaranteed ...
It is unclear why an entrepreneur, who will have more skin in the game — and whom RBI has given a banking licence to — needs to have a shorter tenure, while professional CEOs are given a longer rope. Surely this cannot be a simplistic conclusion drawn from the governance failures of a...
Scheduled Banks as the name suggest are the banks, which are accounted in the Second Schedule of the Reserve Bank of India (RBI) Act, 1934. To qualify as a scheduled bank, the bank should conform to the following conditions: The total minimum value of paid up capital and reserve must be...