Reserve Bank of India (RBI) has announced the empanelment of CSB Bank, a private sector lender as an ‘Agency Bank’. Through this appointment, the CSB Bank will undertake the general banking business of the central and state governments under the guidelines set by the RBI. As an Agency bank, CSB Bank will work with different state governments and central government departments for businesses such as tax collections, pension payments, collection of stamp duty, etc.
About the CSB Bank:
CSB Bank Limited, formerly Catholic Syrian Bank Limited, is an Indian private sector bank with its headquarters at Thrissur, Kerala, India. The bank has a network of over 450 branches and more than 319 ATMs across India.
List of banks recently empanelled as Agency Bank of RBI:
- RBL Bank
- Dhanlaxmi Bank
- IndusInd Bank
- Bandhan Bank
- South Indian bank
- Karnataka bank
- DCB Bank
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