NS reserve Bank of India has now been appointed as a agency bank NS reserve Bank of India To do government business.
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Bandhan Bank now joins several other private banks which are listed as agency banks of RBI.
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Bandhan Bank will now be authorized to handle transactions related to the collection of GST, VAT and State Taxes. Apart from this, it can also look after the collection of stamp duty and pension payments on behalf of the central and state governments. The bank’s products, services and digital banking capabilities will help it fulfill its new role.