Private sector banks Vs public sector banks.

Q.  Which of  the following statements is/are correct about Private sector banks?

1. It comes under perview of RBI and RTI.
2. Vijaya bank is a private sector bank.
- Published on 25 Nov 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: None
 
- Private sector banks are only under RBI supervision. They don’t fall under purview of CVC-CAG-RTI.
- While public sector banks are also answerable to RTI, CVC and CAG, apart from RBI.
- Vijaya bank is a public sector bank.

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