EconomyReserve Bank of India · official
Scheduled Banks’ Statement of Position in India as on October 15, 2026
BANKING · UPSC · SSC
The expression ' Banking System ' or ' Banks ' means the banks and any other financial institution referred to in sub-clauses (i) to (vi) of clause (d) of the explanation below Section 42(1) of the Reserve Bank of India Act, 1934.
Exam-ready takeaways
- No. of Scheduled Commercial Banks as on Current Fortnight: 120
- No. of Scheduled State Co-operative Banks as on Current Fortnight: 26
- No. of Scheduled Primary(Urban) Co-operative Banks as on Current Fortnight: 55
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