The Indian Banking industry, which is governed by the Banking Regulation Act of India, 1949 can be
broadly classified into two major categories, non-scheduled banks and scheduled banks. Scheduled
banks comprise commercial banks and the co-operative banks. In terms of ownership, commercial
banks can be further grouped into nationalized banks, the State Bank of India and its group banks,
regional rural banks and private sector banks (the old/ new domestic and foreign). These banks have
over 67,000 branches spread across the country. This report covers the industry.
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