Is banking regulations act is applicable to all private &

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SAP FICO
220 Points Posted on 03 October 2016

Dear Professional Friends

Come to know RBL bank is giving good interest on FDs.

My doubt are as below, please clarify

  1. RBL (https://www.rblbank.com/index.aspx) is a private or public sector?
  2. Keeping Fixed Deposits in this bank is advisable or not?
  3. Is Banking Regulations act is applicable to all PRIVATE & PUBLIC banks in India?

Advance Thanks

Cheers

Balaji Subbu

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On 03 October 2016 at 08:44 Report
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CONSULTANT
34 Points Posted on 03 October 2016

Banking Regulation Act is applicable to all financial Institues irespective of their category. RBI is very strict in giving approval to open a finance institue/service sector. All FD are under control of RBI RULES & REGULATION.

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On 03 October 2016 at 13:06
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SAP FICO
220 Points Posted on 03 October 2016

Thank you V D PATEL


 
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On 03 October 2016 at 17:06

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