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What is the meaning of scheduled bank and which are scheduled banks?
A Scheduled bank as per the Reserve Bank of India regulations is a bank that is authorized to provide banking services in India. Without RBI authorization no bank is supposed to provide banking...
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Why do banks bank?
because if they dont bank they dont get money, and there will be no banks
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What banks acts as a bank for other banks?
It varies from country to country. Every country has a central bank that is the bank for other banks in the country. Ex: Federal reserve system - USA Reserve Bank - India etc
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What is another meaning for bank?
Bank: A place to deposit and store money for certain periods of time. A piled up mass. A steep natural incline. An artificial embankment. A large elevated area of a sea floor. The cushion of a...
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What is the meaning of schedule banks?
A Scheduled Bank is a bank that is approved by the Reserve bank of India to provide banking services to customers inside the borders of India. some scheduled banks in India are: State Bank of India...