Which of the following statements best describes the regulatory distinction between Scheduled Commercial Banks (SCBs) and Non-Scheduled Banks in India?

Options:

• A: Scheduled banks can only be public sector banks, while non-scheduled banks can only be private sector banks.
• B: Scheduled banks are regulated under the Banking Regulation Act, 1949, while non-scheduled banks are regulated solely under the Companies Act, 2013.
• C: Scheduled banks are eligible for financial accommodation from the RBI under normal circumstances, whereas non-scheduled banks are not entitled to such regular borrowing facilities.
• D: Scheduled banks must maintain Cash Reserve Ratio (CRR) with the RBI, whereas non-scheduled banks are completely exempt from CRR requirements.

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