Nod to RBL Bank for govt business

Tribune News Service

Updated At : 01:03 PM Aug 12, 2021 IST

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New Delhi, August 11

RBL Bank on Wednesday said it has been accredited by the RBI to be an agency bank to carry on banking transactions of the Central and state governments.

RBL Bank has been empanelled by the RBI as an agency bank to conduct banking business for the Central and state governments, RBL Bank said.

It will be able to carry on the business of distributing subsidies, pension payments, collecting Central and state taxes, including income tax, excise duties, customs, GST, stamp duty, registration, VAT and professional tax. — PTI

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