RBI named Bandhan Bank as agency bank

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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