Which of the following is not a scheduled Commercial Bank?

IDBI Bank

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Axis Bank

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HDFC Bank

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NABARD

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Solution

The correct option is A NABARD
Scheduled Banks:
The commercial banking structure in India consists of
(a) Scheduled Commercial Banks in India
(b) Non-scheduled Banks in India
Scheduled Banks in India are the banks which have been included in the Second Schedule of Reserve Bank of India (RBI) Act, 1934. RBI in turn includes only those banks in this schedule which satisfy the criteria laid down vide section 42 (6) (a) of the Act.
Non-scheduled Bank in India means "a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949, which is not a scheduled bank'.

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