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RBI named Bandhan Bank as agency bank

Sumit Arora November 3rd, 2021 Leave a comment

The Reserve Bank of India has now appointed Bandhan Bank as an Agency Bank of the RBI to conduct government business. Bandhan Bank now joins several other private banks that have been empanelled as an Agency Bank of the RBI. Bandhan Bank will now be authorised to handle transactions related to GST, VAT and the collection of state taxes.

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List of Banks recently appointed as Agency Bank of RBI:

South Indian bank
Karnataka bank
DCB Bank
RBL Bank
Dhanlaxmi Bank
IndusInd Bank
Bandhan 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.