The Central Vigilance Commission, CVC, can now probe allegations of corruption in private sector banks and against their employees. <br/><br/>Vigilance Commissioner T M Bhasin told PTI that Reserve Bank of India and the Department of Financial Services had recently approved the provisions in this regard. <br/><br/>Mr. Bhasin said necessary mechanism has been put in place and cases of corruption in the private sector banks are now being looked into. <br/><br/>The move comes after the Supreme Court last year ruled that the Chairman, Managing Directors and other officers of a private bank could be seen as public servants when it came to the Prevention of Corruption Act, 1988. <br/><br/>The apex court had said all officials working in banks operating under an RBI licence would be defined as public servants under the PC Act.<br/><br/>The anti-corruption watchdog is the statutory body which probes cases of graft involving central government departments, public sector organisations,including banks and insurance companies, and their employees.