Schedule I,II and III banks offer essentially the same services.

Question

Quizplus · Accepted Answer

While Schedule I, II, and III banks all offer deposit accounts, loans, credit cards, and other financial services, there are differences in terms of size, ownership structure, and regulatory requirements. Schedule I banks are typically larger and more diversified than Schedule II and III banks, and they are often owned by larger financial institutions. Schedule III banks are the smallest and most locally-focused of the three, and they are often owned by groups of individuals or small businesses.

Schedule I,II and III Banks Offer Essentially the Same Services