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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, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.