Is banking regulations act is applicable to all private &

Balaji Subbu (SAP FICO) (220 Points)

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