RBI authorizes Karur Vysya Bank to collect direct taxes for CBDT; Stock ends up 2%– nixatube
RBI authorizes Karur Vysya Bank to collect direct taxes for CBDT; Stock ends up 2%
The Reserve Bank of India has authorized Karur Vysya Bank to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT).
B Ramesh Babu, Managing Director and CEO of the bank said, “It has been a long standing requirement of our customers to be able to pay their direct taxes through our bank. We are glad that we will be in a position to offer this service to our customers.”
After getting the approval, the bank has started the process of integration with CBDT. Once completed, customers of the Bank can submit their Direct Taxes through any branch of the Bank, Net Banking and DeLite Mobile App.
The bank’s stock closed at Rs 49.30 per piece, up 1.8% on the Sensex.
This is an unedited and autogenerated supporting article of a syndicated news feed. To provide genuine or authentic news only intended to inform and update you about Electric Vehicles, Affiliate & Share Marketing & Finance Blog products, investment tips updates etc. We do our best to modify or edit original content by NixaTube team members to make you better and more reliable. But you can read this article from the original owner of the content.