RBI empanels Karnataka Bank as ‘agency bank’ for govt business

As an empanelled “agency bank”, Karnataka Bank is now authorised to undertake the government businesses such as revenue receipts and payments on behalf of the central and state governments, pension payments of governments, collection of stamp duty charges and other items of work advised by the RBI, the bank said in a statement.

from Banking/Finance-Industry-Economic Times https://ift.tt/2VsIwDq