RBL Bank authorised by RBI to Collect Indirect Taxes

RBL Bank has been authorized by the Reserve Bank of India (RBI), based on recommendation from the Controller General of Accounts, Ministry of Finance and Government of India (GoI), to collect indirect taxes on behalf of the Central Board of Indirect Taxes and Customs (CBIC). The Bank had recently been authorised to collect Direct taxes on behalf of Central Board of Direct Taxes (CBDT). With this announcement, the Bank can now collect Direct and Indirect taxes.

After technical integration, RBL Bank's corporate and individual customers will be able to pay their Indirect taxes through RBL Bank's mobile banking or net banking platforms as well as through the branch banking network.

Shares of RBL Bank Limited was last trading in BSE at Rs. 179.40 as compared to the previous close of Rs. 187.20. The total number of shares traded during the day was 416795 in over 8260 trades.

The stock hit an intraday high of Rs. 188.00 and intraday low of 178.85. The net turnover during the day was Rs. 75719404.00.

Source : Equity Bulls

Keywords

RBLBank INE976G01028 RBIAuthorization IndirectTaxesCollection