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RBI authorised Karur Vysya Bank (KVB) to collect Direct taxes

Sumit Arora Published On October 19th, 2021 Leave a comment

The Reserve Bank of India has authorised Karur Vysya Bank (KVB) to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT). After obtaining the approval, KVB has started the integration process with the CBDT to collect direct taxes. The integration would enable the bank to allow its customers to remit the direct taxes through any branch/net banking/ mobile banking services (DLite Mobile application).

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Important takeaways for all competitive exams:

Karur Vysya Bank Establishment: 1916;
Karur Vysya Bank Headquarters: Karur, Tamil Nadu;
Karur Vysya Bank MD & CEO: B. Ramesh Babu;
Karur Vysya Bank Tagline: Smart Way to Bank.

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About the Author

Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.