RBL Bank goes live on Goods and Services Tax portal

RBL Bank today announced that it has gone live with GST Collections on behalf of the Government of India through direct integration with the GST portal. This supplements the Direct Tax collection offering launched earlier this year post empanelment of the Bank as an Agency Bank.

This service will enable RBL Bank customers to make GST and direct tax payments seamlessly via various digital channels and RBL Bank branches. The enablement is another step in the journey towards providing a one-stop offering for its clients to meet their statutory obligations. The RBL Bank interface provides a seamless user-friendly platform for GST payments and instant availability of payment confirmation.

Brijesh Mehra, Head - Wholesale Banking, RBL Bank, said, "In an increasingly digital world where customers look to their bank for efficiency in meeting their statutory payments, RBL Bank continues to invest in building its Government and Transaction Banking franchise by offering intuitive, easy to use online banking solutions that simplify their lives. With the addition of GST payments as an offering, our customers can now use both the online and branch channels for seamless, hassle-free tax payments using their RBL Bank account."

Shares of RBL Bank Limited was last trading in BSE at Rs. 262.85 as compared to the previous close of Rs. 260.60. The total number of shares traded during the day was 386690 in over 4819 trades.

The stock hit an intraday high of Rs. 264.95 and intraday low of 262.00. The net turnover during the day was Rs. 101992232.00.

Source : Equity Bulls

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