Question

Private sector banks in India are best known for which feature?

Options

• Providing only agricultural loans in rural areas

• Being fully owned by the government

• Being “new-generation tech-savvy banks” leading in digital and mobile banking

• Operating only as foreign bank branches

Answer 1

Being “new-generation tech-savvy banks” leading in digital and mobile banking

Explanation:

Private sector banks are owned and managed by private entities and are recognised as new-generation tech-savvy banks that lead in digital banking and customer experience.​