NON-SCHEDULED BANKS
• Banks not under 2nd Schedule of the Reserve Bank of India Act, 1934. These are also known as Local Area Bank.
• Non-scheduled banks are also subject to the statutory cash reserve requirement. But they are not required to keep them with the RBI; they may keep these balances with themselves.
• They are not entitled to borrow from the RBI for normal banking purposes, though they may approach the RBI for accommodation under abnormal circumstances.
• Non-scheduled banks are also subject to the statutory cash reserve requirement. But they are not required to keep them with the RBI; they may keep these balances with themselves.
• They are not entitled to borrow from the RBI for normal banking purposes, though they may approach the RBI for accommodation under abnormal circumstances.
There are 5 Non-Scheduled Urban Cooperative Banks in India
• AkhandAnand Co-Operative Bank Ltd.
• Alavi Co-Op Bank Ltd.
• Amarnath Co-operative Bank Ltd.
• AmodNagrikSahakari Bank Ltd.
• AmreliNagrikSahakari Bank Ltd.
• AkhandAnand Co-Operative Bank Ltd.
• Alavi Co-Op Bank Ltd.
• Amarnath Co-operative Bank Ltd.
• AmodNagrikSahakari Bank Ltd.
• AmreliNagrikSahakari Bank Ltd.
Along with this 4 local area banks in India which, forms under non-scheduled list of Banking as per RBI
• Coastal Local Area Bank Ltd.
• Capital Local Area Bank Ltd.
• Krishna BhimaSamruddhi Local Area Bank Ltd.
• Subhadra Local Area Bank Ltd.
• Coastal Local Area Bank Ltd.
• Capital Local Area Bank Ltd.
• Krishna BhimaSamruddhi Local Area Bank Ltd.
• Subhadra Local Area Bank Ltd.
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