Banking sector — scheduled commercial banks, SFBs, co-operative

UPSC Prelims tests definitional clarity on bank categories, RBI regulatory framework, and recent policy shifts. Examiners focus on differences between SCBs, SFBs, and co-operative banks; inclusion mandates like priority sector lending; and recent mergers/consolidations. Avoid confusing SFB licensing norms with universal bank requirements or assuming all co-operative banks operate under identical RBI oversight.