RBI authorized RBL Bank to collect Direct Taxes

Reserve Bank of India (RBI) authorized RBL Bank to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT) based on a recommendation from the Controller General of Accounts, Ministry of Finance and Government of India. Now, the customers of RBL Bank could pay their direct taxes through RBL Bank’s mobile banking or net banking platforms or through branch banking networks.

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About the Bank:

• RBL Bank is one of India’s leading private sector banks with an expanding presence across the country.
• The Bank offers specialized services under five business verticals namely: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Retail Assets and Treasury and Financial Markets Operations.
• It currently services over 9.97 million customers through a network of 445 branches, 1,435 business correspondent branches (of which 271 banking outlets) and 386 ATMs spread across 28 Indian states and Union Territories.

Important takeaways for all competitive exams:

• RBL Bank Founded: 1943;
• RBL Bank Headquarters: Mumbai, Maharashtra;
• RBL Bank CEO & MD: Vishwavir Ahuja;
• RBL Bank Tagline: Apno Ka Bank.

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