Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
27 November, 2021 19:17 IST
IndusInd Bank gets authority by RBI to collect Direct and Indirect Taxes
Source: IRIS | 13 Oct, 2021, 02.52PM
Rating: NAN / 5 stars.
Comments  |  Post Comment


IndusInd Bank, the private sector lender announced that it has been authorised by the Reserve Bank of India (RBI) for collection of Direct and Indirect Taxes, on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC).

The authorization has been awarded basis a recommendation from the Controller General of  Accounts as well as the Ministry of Finance (Govt. of India), and comes close on the heels of the Bank being appointed as an 'Agency Bank' of the RBI to conduct government business.

With this, IndusInd Bank customers will soon be able to pay their Direct and Indirect taxes through the Bank's state-of-the-art digital platforms such as 'Indusnet' - its net banking platform and  'IndusMobile' - its mobile banking application. Additionally, customers can even walk into their nearest branch to avail this service.

Speaking on the development, Soumitra Sen, Head - Consumer Bank, IndusInd Bank said, "We are delighted to be authorised by the RBI to facilitate the collection of direct and indirect taxes on behalf of the Government. As a responsible financial entity, this empowers us to offer customers with a comprehensive platform to pay their taxes in a convenient and seamless manner. Backed by the strength of our best-in-class technology channels, we look forward to bringing unparalled value to all our partner stakeholders, in their effort to widen the tax collection network."

Shares of the company gained Rs 0.65, or 0.05%, to trade at  Rs 1,183.  The total volume of shares traded  was 50,917 at the BSE (1.32 p.m., Wednesday).




 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Indiabulls Real Estate raises Rs 750 mn through NCDs - 25-Nov-2021 11:13
KDDL acquires additional 20.69% stake in Kamla Tesio Dials - 24-Nov-2021 18:06
Ipca Laboratories board approves acquisition of 26% stake in Lyka Labs - 24-Nov-2021 17:09
Thermax bags Rs 8,300 mn order for three Flue Gas Desulphurisation systems - 24-Nov-2021 16:47
Larsen & Toubro signs MoU with Tamil Nadu government - 24-Nov-2021 13:08
KPR Mill commissions new Garment production capacity in Tamil Nadu - 24-Nov-2021 12:47
GRM Overseas enters into pact with Christensen Investor Relations India - 23-Nov-2021 20:47
Triveni signs agreement with GEAE Technology USA - 23-Nov-2021 20:11
Jagan Lamps plans capacity expansion - 23-Nov-2021 18:11
Wipro in collaboration with Telefonica - 23-Nov-2021 12:47
Kesoram Industries board gives nod to raise up to Rs 25 bn - 22-Nov-2021 19:58
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer