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In Business / College | 2025-07-08

Are money lenders part of the Scheduled banking structure in India?
A. Money lenders
B. Public sector banks
C. Private sector banks
D. Regional rural banks

Asked by 1toxicgaming143

Answer (2)

The scheduled banking structure in India includes public sector banks, private sector banks, and regional rural banks, while money lenders are not part of this formal system. Money lenders operate independently and are unregulated by the Reserve Bank of India. Understanding these differences is crucial for recognizing the formal banking landscape in India. ;

Answered by GinnyAnswer | 2025-07-08

Money lenders are not part of the scheduled banking structure in India. The scheduled banking structure consists of public sector banks, private sector banks, and regional rural banks, all of which are regulated by the Reserve Bank of India. Understanding these differences is essential for recognizing the formal banking landscape in India.
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Answered by Anonymous | 2025-07-09

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