RBI authorizes Karur Vysya Bank to collect Direct Taxes

Reserve Bank of India has authorized Karur Vysya Bank to collect Direct Taxes on behalf of Central Board of Direct Taxes (CBDT).

Following the approval received, the bank has initiated the integration process with CBDT. Once completed, customers of the Bank can remit their Direct Taxes through any branch, Net Banking and DLite Mobile app of the Bank.

Mr. B Ramesh Babu, Managing Director & CEO of the Bank said, "It has been the long standing requirement of our customers that they should be able to pay their direct taxes through our Bank. We are happy that we will be in a position to offer this service to our customers."

Shares of Karur Vysya Bank Limited was last trading in BSE at Rs. 48.45 as compared to the previous close of Rs. 47.60. The total number of shares traded during the day was 636297 in over 2517 trades.

The stock hit an intraday high of Rs. 48.80 and intraday low of 46.70. The net turnover during the day was Rs. 30537850.00.

Source : Equity Bulls

Keywords

KarurVysyaBank INE036D01028 Banks RBIAuthorization DirectTaxCollection CBDT