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).
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.