Banks are the institutional bodies that accept deposits and grant credit to the entities and play a major role in maintaining the economic stature of a country. In India, the Reserve Bank of India (RBI) is the apex banking institution that regulates the monetary policy in the country. The banking sector of India can be broadly divided into two major groups i. e. scheduled banks and Non-Scheduled Banks. Banks that have been included in the second schedule of the RBI Act, 1934 are called the scheduled bank while non scheduled banks are not included in the second schedule of the RBI Act,1934. Scheduled banks are covered under the 2nd Schedule of the Reserve Bank of India Act, 1934. To qualify as a scheduled bank, the bank should conform to the following conditions:A bank that has a paid-up capital of Rs. 5 Lakh and above qualifies for the schedule bank categoryA bank requires to satisfy the central bank that its affairs are not carried out in a way that causes harm to the interest of the depositorsA bank should be a corporation rather than a sole-proprietorship or partnership firmHence, it is clear that Scheduled Banks have to be registered with the Reserve Bank of India (RBI). 1. SEBI- The Securities and Exchange Board of India was established on April 12, 1992, in accordance with the provisions of the Securities and Exchange Board of India Act, 1992. It regulates the business in stock exchanges and any other securities marketsregistering and regulating the working of stockbrokers, sub-brokers, share transfer agents, bankers to an issue, trustees of trust deeds, registrars to an issue, merchant bankers, underwriters, portfolio managers, investment advisers and such other intermediaries who may be associated with securities markets in any mannerregistering and regulating the working of [venture capital funds and collective investment schemes], including mutual fundspromoting and regulating self-regulatory organizationsprohibiting fraudulent and unfair trade practices relating to securities marketspromoting investors education and training of intermediaries of securities marketsprohibiting insider trading in securities. 2. Finance Ministry: The Ministry of Finance is an important ministry within the Government of India concerned with the economy of India, serving as the Indian Treasury Department. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, center and state finances, and the Union Budget. 3. SBI: State Bank of India is an Indian multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is ranked 236th in the Fortune Global 500 list of the world's biggest corporations of 2019.